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	$	8,149
Cost of goods sold		4,967
Selling and administrative expense		2,109
Interest expense		616
Income before taxes		457
Net income		658

	12/31/2021				12/31/2020
Cash and cash equivalents	$	1,175			$	84
Receivables, net		1,210				864
Inventories		1,255				719
Land, buildings and equipment at cost, net		13,700				4,044
Total assets	$	17,340			$	5,711
Total current liabilities	$	5,947			$	2,409
Long-term debt		5,791				2,421
Total liabilities	$	11,738			$	4,830
Total stockholders' equity	$	5,602			$	881

Compute the return on equity for 2021, for Saratoga Springs Co. (Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%.)