Please answer the given financial question based on the context.
Context: 3m 2019s cash and cash equivalents balance at december 31 , 2007 totaled $ 1.896 billion , with an additional $ 1.059 billion in current and long-term marketable securities . 3m 2019s strong balance sheet and liquidity provide the company with significant flexibility to take advantage of numerous opportunities going forward . the company will continue to invest in its operations to drive growth , including continual review of acquisition opportunities . as previously discussed , 3m expects to complete the acquisition of aearo holding corp . for approximately $ 1.2 billion in 2008 . 3m paid dividends of $ 1.380 billion in 2007 , and has a long history of dividend increases . in february 2008 , the board of directors increased the quarterly dividend on 3m common stock by 4.2% ( 4.2 % ) to 50 cents per share , equivalent to an annual dividend of $ 2.00 per share . in february 2007 , 3m 2019s board of directors authorized a two-year share repurchase of up to $ 7.0 billion for the period from february 12 , 2007 to february 28 , 2009 . at december 31 , 2007 , the company has $ 4.1 billion remaining under this authorization , which the company does not currently expect to fully utilize by february 28 , 2009 . in 2008 , the company expects to contribute an amount in the range of $ 100 million to $ 400 million to its u.s . and international pension plans . the company does not have a required minimum pension contribution obligation for its u.s . plans in 2008 . therefore , the amount of the anticipated discretionary contribution could vary significantly depending on the u.s.-plans funding status as of the 2008 measurement date and the anticipated tax deductibility of the contribution . future contributions will also depend on market conditions , interest rates and other factors . 3m believes its strong cash flow and balance sheet will allow it to fund future pension needs without compromising growth opportunities . the company uses various working capital measures that place emphasis and focus on certain working capital assets and liabilities . these measures are not defined under u.s . generally accepted accounting principles and may not be computed the same as similarly titled measures used by other companies . one of the primary working capital measures 3m uses is a combined index , which includes accounts receivable , inventory and accounts payable . this combined index ( defined as quarterly net sales 2013 fourth quarter at year-end 2013 multiplied by four , divided by ending net accounts receivable plus inventory less accounts payable ) was 5.3 at december 31 , 2007 , down from 5.4 at december 31 , 2006 . receivables increased $ 260 million , or 8.4% ( 8.4 % ) , compared with december 31 , 2006 . currency translation increased accounts receivable by $ 159 million year-on-year , as the u.s . dollar weakened in aggregate against a multitude of currencies . inventories increased $ 251 million , or 9.7% ( 9.7 % ) , compared with december 31 , 2006 . currency translation increased inventories by $ 132 million year-on-year . accounts payable increased $ 103 million compared with december 31 , 2006 , with $ 65 million of this year-on-year increase related to currency translation . cash flows from operating , investing and financing activities are provided in the tables that follow . individual amounts in the consolidated statement of cash flows exclude the effects of acquisitions , divestitures and exchange rate impacts , which are presented separately in the cash flows . thus , the amounts presented in the following operating , investing and financing activities tables reflect changes in balances from period to period adjusted for these effects . cash flows from operating activities : years ended december 31 .
|( millions )|2007|2006|2005|
|net income|$ 4096|$ 3851|$ 3111|
|depreciation and amortization|1072|1079|986|
|company pension contributions|-376 ( 376 )|-348 ( 348 )|-654 ( 654 )|
|company postretirement contributions|-3 ( 3 )|-37 ( 37 )|-134 ( 134 )|
|company pension expense|190|347|331|
|company postretirement expense|65|93|106|
|stock-based compensation expense|228|200|155|
|gain from sale of businesses|-849 ( 849 )|-1074 ( 1074 )|2014|
|income taxes ( deferred and accrued income taxes )|-34 ( 34 )|-178 ( 178 )|402|
|excess tax benefits from stock-based compensation|-74 ( 74 )|-60 ( 60 )|-54 ( 54 )|
|accounts receivable|-35 ( 35 )|-103 ( 103 )|-184 ( 184 )|
|inventories|-54 ( 54 )|-309 ( 309 )|-294 ( 294 )|
|accounts payable|-4 ( 4 )|68|113|
|product and other insurance receivables and claims|158|58|122|
|other 2014 net|-105 ( 105 )|252|198|
|net cash provided by operating activities|$ 4275|$ 3839|$ 4204|
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Question: what was the percentage change in the net income
Answer:
0.06362