Please answer the given financial question based on the context.
Context: 2 . new accounting standards effective january 1 , 2003 , marathon adopted statement of financial accounting standards no . 143 201caccounting for asset retirement obligations 201d ( 201csfas no . 143 201d ) . this statement requires that the fair value of an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made . the present value of the estimated asset retirement cost is capitalized as part of the carrying amount of the long-lived asset . previous accounting standards used the units-of-production method to match estimated future retirement costs with the revenues generated from the producing assets . in contrast , sfas no . 143 requires depreciation of the capitalized asset retirement cost and accretion of the asset retirement obligation over time . the depreciation will generally be determined on a units-of-production basis over the life of the field , while the accretion to be recognized will escalate over the life of the producing assets , typically as production declines . for marathon , asset retirement obligations primarily relate to the abandonment of oil and gas producing facilities . while assets such as refineries , crude oil and product pipelines , and marketing assets have retirement obligations covered by sfas no . 143 , certain of those obligations are not recognized since the fair value cannot be estimated due to the uncertainty of the settlement date of the obligation . the transition adjustment related to adopting sfas no . 143 on january 1 , 2003 , was recognized as a cumulative effect of a change in accounting principle . the cumulative effect on net income of adopting sfas no . 143 was a net favorable effect of $ 4 million , net of tax of $ 4 million . at the time of adoption , total assets increased $ 120 million , and total liabilities increased $ 116 million . the amounts recognized upon adoption are based upon numerous estimates and assumptions , including future retirement costs , future recoverable quantities of oil and gas , future inflation rates and the credit-adjusted risk-free interest rate . changes in asset retirement obligations during the year were : ( in millions ) 2003 pro forma 2002 ( a ) .
|( in millions )|2003|pro forma2002 ( a )|
|asset retirement obligations as of january 1|$ 339|$ 316|
|liabilities incurred during 2003 ( b )|32|2013|
|liabilities settled during 2003 ( c )|-42 ( 42 )|2013|
|accretion expense ( included in depreciation depletion and amortization )|20|23|
|revisions of previous estimates|41|2013|
|asset retirement obligations as of december 31|$ 390|$ 339|
( a ) pro forma data as if sfas no . 143 had been adopted on january 1 , 2002 . if adopted , income before cumulative effect of changes in accounting principles for 2002 would have been increased by $ 1 million and there would have been no impact on earnings per share . ( b ) includes $ 12 million related to the acquisition of khanty mansiysk oil corporation in 2003 . ( c ) includes $ 25 million associated with assets sold in 2003 . in the second quarter of 2002 , the financial accounting standards board ( 201cfasb 201d ) issued statement of financial accounting standards no . 145 201crescission of fasb statements no . 4 , 44 , and 64 , amendment of fasb statement no . 13 , and technical corrections 201d ( 201csfas no . 145 201d ) . effective january 1 , 2003 , marathon adopted the provisions relating to the classification of the effects of early extinguishment of debt in the consolidated statement of income . as a result , losses of $ 53 million from the early extinguishment of debt in 2002 , which were previously reported as an extraordinary item ( net of tax of $ 20 million ) , have been reclassified into income before income taxes . the adoption of sfas no . 145 had no impact on net income for 2002 . effective january 1 , 2003 , marathon adopted statement of financial accounting standards no . 146 201caccounting for exit or disposal activities 201d ( 201csfas no . 146 201d ) . sfas no . 146 is effective for exit or disposal activities that are initiated after december 31 , 2002 . there were no impacts upon the initial adoption of sfas no . 146 . effective january 1 , 2003 , marathon adopted the fair value recognition provisions of statement of financial accounting standards no . 123 201caccounting for stock-based compensation 201d ( 201csfas no . 123 201d ) . statement of financial accounting standards no . 148 201caccounting for stock-based compensation 2013 transition and disclosure 201d ( 201csfas no . 148 201d ) , an amendment of sfas no . 123 , provides alternative methods for the transition of the accounting for stock-based compensation from the intrinsic value method to the fair value method . marathon has applied the fair value method to grants made , modified or settled on or after january 1 , 2003 . the impact on marathon 2019s 2003 net income was not materially different than under previous accounting standards . the fasb issued statement of financial accounting standards no . 149 201camendment of statement 133 on derivative instruments and hedging activities 201d on april 30 , 2003 . the statement is effective for derivative contracts entered into or modified after june 30 , 2003 and for hedging relationships designated after june 30 , 2003 . the adoption of this statement did not have an effect on marathon 2019s financial position , cash flows or results of operations . the fasb issued statement of financial accounting standards no . 150 201caccounting for certain financial instruments with characteristics of both liabilities and equity 201d on may 30 , 2003 . the adoption of this statement , effective july 1 , 2003 , did not have a material effect on marathon 2019s financial position or results of operations . effective january 1 , 2003 , fasb interpretation no . 45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( 201cfin 45 201d ) , requires the fair-value .
Question: what are the average asset retirement obligations as of january 1 2002 and 2003 in millions?
Answer:
327.5