3.
Dividends from Subsidiaries and Affiliates Cash dividends received from consolidated subsidiaries and from affiliates accounted for by the equity method were as follows (in millions):
## Table 0 ##
GUARANTEES—In connection with certain of its project financing, acquisition, and power purchase agreements, the Company has expressly undertaken limited obligations and commitments, most of which will only be effective or will be terminated upon the occurrence of future events.
These obligations and commitments, excluding those collateralized by letter of credit and other obligations discussed below, were limited as of December 31, 2003, by the terms of the agreements, to an aggregate of approximately $515 million representing 55 agreements with individual exposures ranging from less than $1 million up to $100 million.
Of this amount, $147 million represents credit enhancements for non-recourse debt, and $38 million commitments to fund its equity in projects currently under development or in construction.
LETTERS OF CREDIT—At December 31, 2003, the Company had $89 million in letters of credit outstanding representing 9 agreements with individual exposures ranging from less than $1 million up to $36 million, which operate to guarantee performance relating to certain project development and construction activities and subsidiary operations.
The Company pays a letter of credit fee ranging from 0.5% to 5.00% per annum on the outstanding amounts.
In addition, the Company had $4 million in surety bonds outstanding at December 31, 2003.
acquired at a discount subsequent to 2008 and accounted for based on expected cash flows was $2.5 billion and $2.6 billion at December 31, 2015 and 2014, respectively.
The decrease is largely attributable to payments received offset by the addition of $688 million of purchased impaired loans from Hudson City on November 1, 2015.
The nonaccretable balance related to remaining principal losses as of December 31, 2015 and 2014 is presented in table 11.
The addition of purchased impaired loans from Hudson City added $116 million to the nonaccretable balance related to principal losses at the time of acquisition.
The Company regularly reviews its cash flow projections for loans acquired at a discount, including its estimates of lifetime principal losses.
During each of the last three years, based largely on improving economic conditions and borrower repayment performance, the Company’s estimates of cash flows expected to be generated by loans acquired at a discount and accounted for based on expected cash flows improved, resulting in increases in the accretable yield.
Excluding expected cash flows on the purchased impaired loans acquired from Hudson City, in 2015 estimated cash flows expected to be generated increased by $77 million, or approximately 3%.
That improvement reflected a lowering of estimated principal losses by approximately $58 million, primarily due to a $42 million decrease in expected principal losses in the commercial real estate loan portfolios, as well as interest and other recoveries.
Similarly, in 2014 the estimates of cash flows expected to be generated increased by approximately 2%, or $98 million.
That improvement also reflected a lowering of estimated principal losses, largely driven by a $47 million decrease in expected principal losses that was predominantly in the acquired commercial real estate loan portfolios.
In 2013, estimated cash flows expected to be generated increased by $179 million, or approximately 3%.
That improvement was also largely driven by a reduction of estimated principal losses, including a $160 million decrease in expected principal losses in the commercial real estate loan portfolios.
Table 11 NONACCRETABLE BALANCE — PRINCIPAL
## Table 1 ##
For acquired loans where the fair value exceeds the outstanding principal balance, the resulting premium is recognized as a reduction of interest income over the lives of the loans.
Immediately following the acquisition date and thereafter, an allowance for credit losses is recorded for incurred losses inherent in the portfolio, consistent with the accounting for originated loans and leases.
The carrying amount of Hudson City loans acquired at a premium was $17.8 billion at December 31, 2015.
As noted previously, a $21 million provision for credit losses was recorded in 2015 for incurred losses inherent in those loans.
GAAP does not allow the credit loss component of the net premium associated with those loans to be bifurcated and accounted for as a nonaccreting balance as is the case with purchased impaired loans and other loans acquired at a discount.
Despite the fact that the determination of aggregate fair value reflects the impact of expected credit losses, GAAP provides that incurred losses in a portfolio of loans acquired at a premium be recognized even though in a relatively homogenous portfolio of residential mortgage loans the specific loans to which the losses relate cannot be individually identified at the acquisition date.
Nonaccrual loans totaled $799 million at each of December 31, 2015 and 2014, improved from $874 million at December 31, 2013.
As a percentage of loans outstanding, nonaccrual loans represented .91%, 1.20% and 1.36% at the end of 2015, 2014 and 2013, respectively.
Improving economic conditions in the U. S.  have generally had a favorable impact on borrower repayment
A summary of current, past due and nonaccrual loans as of December 31, 2015 and 2014 follows:
## Table 2 ##
(a) Excludes loans acquired at a discount.
(b) Loans acquired at a discount that were recorded at fair value at acquisition date.
This category does not include purchased impaired loans that are presented separately.
(c) Accruing loans that were impaired at acquisition date and were recorded at fair value.
If nonaccrual and renegotiated loans had been accruing interest at their originally contracted terms, interest income on such loans would have amounted to $56,784,000 in 2015, $58,314,000 in 2014 and $62,010,000 in 2013.
The actual amounts included in interest income during 2015, 2014 and 2013 on such loans were $30,735,000, $28,492,000 and $31,987,000, respectively.
For 2015, 2014 and 2013, M&T received $93 million, $127 million and $172 million, respectively, in cash and realized tax benefits from the exercise of stock options of $6 million, $9 million and $12 million, respectively.
The intrinsic value of stock options exercised during those periods was $17 million, $26 million and $34 million, respectively.
As of December 31, 2015, the amount of unrecognized compensation cost related to non-vested stock options was not significant.
The total grant date fair value of stock options vested during 2015, 2014 and 2013 was not significant.
Upon the exercise of stock options, the Company may issue shares from treasury stock to the extent available or issue new shares.
Stock purchase plan The stock purchase plan provides eligible employees of the Company with the right to purchase shares of M&T common stock at a discount through accumulated payroll deductions.
In connection with the employee stock purchase plan, 2,500,000 shares of M&T common stock were authorized for issuance under a plan adopted in 2013.
There were 89,384 shares issued in 2015 and 85,761 shares issued in 2014.
No shares were issued in 2013.
For 2015 and 2014, M&T received $9,296,000 and $8,607,000, respectively, in cash for shares purchased through the employee stock purchase plan.
Compensation expense recognized for the stock purchase plan was not significant in 2015, 2014 or 2013.
Deferred bonus plan The Company provided a deferred bonus plan pursuant to which eligible employees could elect to defer all or a portion of their annual incentive compensation awards and allocate such awards to several investment options, including M&T common stock.
Participants could elect the timing of distributions from the plan.
Such distributions are payable in cash with the exception of balances allocated to M&T common stock which are distributable in the form of M&T common stock.
Shares of M&T common stock distributable pursuant to the terms of the deferred bonus plan were 26,365 and 29,297 at December 31, 2015 and 2014, respectively.
The obligation to issue shares is included in “common stock issuable” in the consolidated balance sheet.
Directors’ stock plan The Company maintains a compensation plan for non-employee members of the Company’s boards of directors and directors advisory councils that allows such members to receive all or a portion of their compensation in shares of M&T common stock.
Through December 31, 2015, 225,763 shares had been issued in connection with the directors’ stock plan.
Through acquisitions, the Company assumed obligations to issue shares of M&T common stock related to deferred directors compensation plans.
Shares of common stock issuable under such plans were 10,279 and 12,033 at December 31, 2015 and 2014, respectively.
The obligation to issue shares is included in “common stock issuable” in the consolidated balance sheet.12.
Pension plans and other postretirement benefits The Company provides defined benefit pension and other postretirement benefits (including health care and life insurance benefits) to qualified retired employees.
The Company uses a December 31 measurement date for all of its plans.
Net periodic pension expense for defined benefit plans consisted of the following:

<table><tr><td></td><td>2003</td><td>2002</td><td>2001</td></tr><tr><td>Subsidiaries</td><td>$807</td><td>$771</td><td>$1,038</td></tr><tr><td>Affiliates</td><td>43</td><td>44</td><td>21</td></tr></table>
<table><tr><td></td><td colspan="2"> Remaining Balance</td></tr><tr><td></td><td> December 31, 2015</td><td> December 31, 2014</td></tr><tr><td></td><td colspan="2"> (In thousands)</td></tr><tr><td>Commercial, financing, leasing, etc.</td><td>$10,806</td><td>$19,589</td></tr><tr><td>Commercial real estate</td><td>48,173</td><td>70,261</td></tr><tr><td>Residential real estate</td><td>113,478</td><td>15,958</td></tr><tr><td>Consumer</td><td>17,952</td><td>29,582</td></tr><tr><td>Total</td><td>$190,409</td><td>$135,390</td></tr></table>
<table><tr><td></td><td> Current</td><td> 30-89 Days  PastDue</td><td> Accruing Loans Past Due 90 Days or More(a)</td><td> Accruing Loans Acquired at a Discount Past Due 90 Daysor More(b)</td><td> Purchased Impaired(c)</td><td> Nonaccrual</td><td> Total</td></tr><tr><td></td><td colspan="7"> (In thousands)</td></tr><tr><td>December 31, 2015</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial, financial, leasing, etc.</td><td>$20,122,648</td><td>$52,868</td><td>$2,310</td><td>$693</td><td>$1,902</td><td>$241,917</td><td>$20,422,338</td></tr><tr><td>Real estate:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial</td><td>23,645,354</td><td>172,439</td><td>12,963</td><td>8,790</td><td>46,790</td><td>179,606</td><td>24,065,942</td></tr><tr><td>Residential builder and developer</td><td>1,507,856</td><td>7,969</td><td>5,760</td><td>6,925</td><td>28,734</td><td>28,429</td><td>1,585,673</td></tr><tr><td>Other commercial construction</td><td>3,428,939</td><td>65,932</td><td>7,936</td><td>2,001</td><td>24,525</td><td>16,363</td><td>3,545,696</td></tr><tr><td>Residential</td><td>20,507,551</td><td>560,312</td><td>284,451</td><td>16,079</td><td>488,599</td><td>153,281</td><td>22,010,273</td></tr><tr><td>Residential-limited documentation</td><td>3,885,073</td><td>137,289</td><td>—</td><td>—</td><td>175,518</td><td>61,950</td><td>4,259,830</td></tr><tr><td>Consumer:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Home equity lines and loans</td><td>5,805,222</td><td>45,604</td><td>—</td><td>15,222</td><td>2,261</td><td>84,467</td><td>5,952,776</td></tr><tr><td>Automobile</td><td>2,446,473</td><td>56,181</td><td>—</td><td>6</td><td>—</td><td>16,597</td><td>2,519,257</td></tr><tr><td>Other</td><td>3,051,435</td><td>36,702</td><td>4,021</td><td>18,757</td><td>—</td><td>16,799</td><td>3,127,714</td></tr><tr><td>Total</td><td>$84,400,551</td><td>$1,135,296</td><td>$317,441</td><td>$68,473</td><td>$768,329</td><td>$799,409</td><td>$87,489,499</td></tr><tr><td>December 31, 2014</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial, financial, leasing, etc.</td><td>$19,228,265</td><td>$37,246</td><td>$1,805</td><td>$6,231</td><td>$10,300</td><td>$177,445</td><td>$19,461,292</td></tr><tr><td>Real estate:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial</td><td>22,208,491</td><td>118,704</td><td>22,170</td><td>14,662</td><td>51,312</td><td>141,600</td><td>22,556,939</td></tr><tr><td>Residential builder and developer</td><td>1,273,607</td><td>11,827</td><td>492</td><td>9,350</td><td>98,347</td><td>71,517</td><td>1,465,140</td></tr><tr><td>Other commercial construction</td><td>3,484,932</td><td>17,678</td><td>—</td><td>—</td><td>17,181</td><td>25,699</td><td>3,545,490</td></tr><tr><td>Residential</td><td>7,640,368</td><td>226,932</td><td>216,489</td><td>35,726</td><td>18,223</td><td>180,275</td><td>8,318,013</td></tr><tr><td>Residential-limited documentation</td><td>249,810</td><td>11,774</td><td>—</td><td>—</td><td>—</td><td>77,704</td><td>339,288</td></tr><tr><td>Consumer:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Home equity lines and loans</td><td>5,859,378</td><td>42,945</td><td>—</td><td>27,896</td><td>2,374</td><td>89,291</td><td>6,021,884</td></tr><tr><td>Automobile</td><td>1,931,138</td><td>30,500</td><td>—</td><td>133</td><td>—</td><td>17,578</td><td>1,979,349</td></tr><tr><td>Other</td><td>2,909,791</td><td>33,295</td><td>4,064</td><td>16,369</td><td>—</td><td>18,042</td><td>2,981,561</td></tr><tr><td>Total</td><td>$64,785,780</td><td>$530,901</td><td>$245,020</td><td>$110,367</td><td>$197,737</td><td>$799,151</td><td>$66,668,956</td></tr></table>

Question: What is the ratio of Home equity lines and loans to the total in 2015?