The Jennings Group reacquired 2 million of its shares at $52 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $53 per share.

By what amount will Jennings retained earnings decline if it now sells the remaining 1 million treasury shares at $49 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)