what percent of total contractual obligations and commitments as of december 31 , 2012 are long-term debt?
contractual obligations fis 2019 long-term contractual obligations generally include its long-term debt , interest on long-term debt , lease payments on certain of its property and equipment and payments for data processing and maintenance . for more descriptive information regarding the company's long-term debt , see note 13 in the notes to consolidated financial statements . the following table summarizes fis 2019 significant contractual obligations and commitments as of december 31 , 2012 ( in millions ) : less than 1-3 3-5 more than total 1 year years years 5 years .

|  | Total | Less than 1 Year | 1-3 Years | 3-5 Years | More than 5 Years |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Long-term debt | $4,385.5 | $153.9 | $757.1 | $2,274.5 | $1,200.0 |
| Interest(1) | 1,137.6 | 200.4 | 372.9 | 288.8 | 275.5 |
| Operating leases | 226.6 | 55.0 | 96.2 | 46.4 | 29.0 |
| Data processing and maintenance | 246.7 | 131.7 | 78.9 | 28.4 | 7.7 |
| Other contractual obligations (2) | 100.7 | 18.8 | 52.0 | 10.6 | 19.3 |
| Total | $6,097.1 | $559.8 | $1,357.1 | $2,648.7 | $1,531.5 |

( 1 ) these calculations assume that : ( a ) applicable margins remain constant ; ( b ) all variable rate debt is priced at the one-month libor rate in effect as of december 31 , 2012 ; ( c ) no new hedging transactions are effected ; ( d ) only mandatory debt repayments are made ; and ( e ) no refinancing occurs at debt maturity . ( 2 ) amount includes the payment for labor claims related to fis' former item processing and remittance operations in brazil ( see note 3 to the consolidated financial statements ) and amounts due to the brazilian venture partner . fis believes that its existing cash balances , cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet fis 2019 expected short-term liquidity needs and its long-term needs for the operations of its business , expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments . off-balance sheet arrangements fis does not have any off-balance sheet arrangements . item 7a . quantitative and qualitative disclosure about market risks market risk we are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates . we use certain derivative financial instruments , including interest rate swaps and foreign currency forward exchange contracts , to manage interest rate and foreign currency risk . we do not use derivatives for trading purposes , to generate income or to engage in speculative activity . interest rate risk in addition to existing cash balances and cash provided by operating activities , we use fixed rate and variable rate debt to finance our operations . we are exposed to interest rate risk on these debt obligations and related interest rate swaps . the notes ( as defined in note 13 to the consolidated financial statements ) represent substantially all of our fixed-rate long-term debt obligations . the carrying value of the notes was $ 1950.0 million as of december 31 , 2012 . the fair value of the notes was approximately $ 2138.2 million as of december 31 , 2012 . the potential reduction in fair value of the notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt . our floating rate long-term debt obligations principally relate to borrowings under the fis credit agreement ( as also defined in note 13 to the consolidated financial statements ) . an increase of 100 basis points in the libor rate would increase our annual debt service under the fis credit agreement , after we include the impact of our interest rate swaps , by $ 9.3 million ( based on principal amounts outstanding as of december 31 , 2012 ) . we performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of december 31 , 2012 , less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt . this sensitivity analysis is based solely on .

long_term_debt = 4385.5
total_contractual_obligations = 6097.1
percent_long_term_debt = long_term_debt / total_contractual_obligations
answer = percent_long_term_debt * 100