Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.


earnings were remitted as dividends after payment of all deferred taxes . as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates . a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefits</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 110.8</td><td>$ 126.4</td><td>$ 197.8</td></tr><tr><td>3</td><td>additions for tax positions of the current year</td><td>12.7</td><td>44.5</td><td>16.3</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9.0</td><td>2.3</td><td>5.7</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-.5 ( .5 )</td><td>-46.9 ( 46.9 )</td><td>-72.4 ( 72.4 )</td></tr><tr><td>6</td><td>settlements</td><td>-1.4 ( 1.4 )</td><td>-11.0 ( 11.0 )</td><td>-15.6 ( 15.6 )</td></tr><tr><td>7</td><td>statute of limitations expiration</td><td>-8.0 ( 8.0 )</td><td>-3.7 ( 3.7 )</td><td>-4.8 ( 4.8 )</td></tr><tr><td>8</td><td>foreign currency translation</td><td>1.7</td><td>-.8 ( .8 )</td><td>-.6 ( .6 )</td></tr><tr><td>9</td><td>balance at end of year</td><td>$ 124.3</td><td>$ 110.8</td><td>$ 126.4</td></tr></table> at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 . our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively . we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 . in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination . this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate . as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements . on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary . as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 . as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years . during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business . when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate . for additional information , see note 3 , discontinued operations . in the third quarter of 2011 , a u.s . internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 . this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s . healthcare business . we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months . as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months . however , quantification of an estimated range cannot be made at this time. .
Question: what is the balance at end of year 2013?

124.3