Horton Industries shareholders equity included 150 million shares of $1 par common stock and a balance in paid-in capitalexcess of par of $1,350 million.

Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Hortons total paid-in capital decline if it reacquires 2 million shares at $7.50 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)

Total paid-in capital will decline by

million