how much of the of contingent consideration for acquisitions was actually settled in 2014?
american tower corporation and subsidiaries notes to consolidated financial statements acquisition accounting upon closing of the acquisition . based on current estimates , the company expects the value of potential contingent consideration payments required to be made under these agreements to be between zero and $ 4.4 million . during the year ended december 31 , 2014 , the company ( i ) recorded a decrease in fair value of $ 1.7 million in other operating expenses in the accompanying consolidated statements of operations , ( ii ) recorded settlements under these agreements of $ 3.5 million , ( iii ) reduced its contingent consideration liability by $ 0.7 million as a portion of the company 2019s obligations was assumed by the buyer in conjunction with the sale of operations in panama and ( iv ) recorded additional liability of $ 0.1 million . as a result , the company estimates the value of potential contingent consideration payments required under these agreements to be $ 2.3 million using a probability weighted average of the expected outcomes as of december 31 , 2014 . other u.s . 2014in connection with other acquisitions in the united states , the company is required to make additional payments if certain pre-designated tenant leases commence during a specified period of time . during the year ended december 31 , 2014 , the company recorded $ 6.3 million of contingent consideration liability as part of the preliminary acquisition accounting upon closing of certain acquisitions . during the year ended december 31 , 2014 , the company recorded settlements under these agreements of $ 0.4 million . based on current estimates , the company expects the value of potential contingent consideration payments required to be made under these agreements to be between zero and $ 5.9 million and estimates it to be $ 5.9 million using a probability weighted average of the expected outcomes as of december 31 , 2014 . for more information regarding contingent consideration , see note 12 . 7 . accrued expenses accrued expenses consists of the following as of december 31 , ( in thousands ) : .

|  | 2014 | 2013 (1) |
| :--- | :--- | :--- |
| Accrued property and real estate taxes | $61,206 | $54,529 |
| Payroll and related withholdings | 57,110 | 50,843 |
| Accrued construction costs | 46,024 | 52,446 |
| Accrued rent | 34,074 | 28,456 |
| Other accrued expenses | 219,340 | 234,914 |
| Balance as of December 31, | $417,754 | $421,188 |

( 1 ) december 31 , 2013 balances have been revised to reflect purchase accounting measurement period adjustments. .

settled_contingent_consideration = 0.4
contingent_consideration = 6.3
percent_settled = settled_contingent_consideration / contingent_consideration
answer = percent_settled * 100