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The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021:

Year ended	12/31/2021
Net sales	$	8,129
Cost of goods sold		4,947
Selling and administrative expense		2,089
Interest expense		596
Income before taxes		497
Net income		638

	12/31/2021				12/31/2020
Cash and cash equivalents	$	1,155			$	82
Receivables, net		1,190				844
Inventories		1,235				699
Land, buildings and equipment at cost, net		13,680				4,024
Total assets	$	17,260			$	5,649
Total current liabilities	$	5,927			$	2,389
Long-term debt		5,771				2,401
Total liabilities	$	11,698			$	4,790
Total stockholders' equity	$	5,562			$	859

Required: Compute the return on assets for 2021. (Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%.)