During 2014, $91 million of provision recapture was recorded for purchased impaired loans compared to $11 million of provision expense for 2013.
The charge-offs (which were specifically for commercial loans greater than a defined threshold) during 2014 were $42 million compared to $104 million for 2013.
At December 31, 2014, the allowance for loan and lease losses was $.9 billion on $4.4 billion of purchased impaired loans while the remaining $.5 billion of purchased impaired loans required no allowance as the net present value of expected cash flows equaled or exceeded the recorded investment.
As of December 31, 2013, the allowance for loan and lease losses related to purchased impaired loans was $1.0 billion.
If any allowance for loan losses is recognized on a purchased impaired pool, which is accounted for as a single asset, the entire balance of that pool would be disclosed as requiring an allowance.
Subsequent increases in the net present value of cash flows will result in a provision recapture of any previously recorded allowance for loan and lease losses, to the extent applicable, and/or a reclassification from non-accretable difference to accretable yield, which will be recognized prospectively.
Individual loan transactions where final dispositions have occurred (as noted above) result in removal of the loans from their applicable pools for cash flow estimation purposes.
The cash flow re-estimation process is completed quarterly to evaluate the appropriateness of the allowance associated with the purchased impaired loans.
Activity for the accretable yield during 2014 and 2013 follows: Table 72: Purchased Impaired Loans – Accretable Yield
## Table 0 ##
(a) Approximately 93% of net reclassifications for the year ended December 31, 2014 were within the commercial portfolio as compared to 37% for year ended December 31, 2013.
NOTE 5 ALLOWANCES FOR LOAN AND LEASE LOSSES AND UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT Allowance for Loan and Lease Losses We maintain the ALLL at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date.
We use the two main portfolio segments – Commercial Lending and Consumer Lending – and develop and document the ALLL under separate methodologies for each of these segments as discussed in Note 1 Accounting Policies.
A rollforward of the ALLL and associated loan data is presented below.
To determine stock-based compensation expense, the grant date fair value is applied to the options granted with a reduction for estimated forfeitures.
We recognize compensation expense for stock options on a straight-line basis over the specified vesting period.
At December 31, 2013 and 2012, options for 10,204,000 and 12,759,000 shares of common stock were exercisable at a weighted-average price of $89.46 and $90.86, respectively.
The total intrinsic value of options exercised during 2014, 2013 and 2012 was $90 million, $86 million and $37 million, respectively.
Cash received from option exercises under all Incentive Plans for 2014, 2013 and 2012 was approximately $215 million, $208 million and $118 million, respectively.
The tax benefit realized from option exercises under all Incentive Plans for 2014, 2013 and 2012 was approximately $33 million, $31 million and $14 million, respectively.
Shares of common stock available during the next year for the granting of options and other awards under the Incentive Plans were 17,997,353 at December 31, 2014.
Total shares of PNC common stock authorized for future issuance under equity compensation plans totaled 19,017,057 shares at December 31, 2014, which includes shares available for issuance under the Incentive Plans and the Employee Stock Purchase Plan (ESPP) as described below.
During 2014, we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity.
As with past exercise activity, we currently intend to utilize primarily treasury stock for any future stock option exercises.
Awards granted to non-employee directors in 2014, 2013 and 2012 include 21,490, 27,076 and 25,620 deferred stock units, respectively, awarded under the Outside Directors Deferred Stock Unit Plan.
A deferred stock unit is a phantom share of our common stock, which is accounted for as a liability until such awards are paid to the participants in cash.
As there are no vesting or service requirements on these awards, total compensation expense is recognized in full for these awards on the date of grant.
Incentive/Performance Unit Share Awards and Restricted Stock/Share Unit Awards The fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant.
The value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals.
The Personnel and Compensation Committee (“P&CC”) of the Board of Directors approves the final award payout with respect to certain incentive/performance unit share awards.
These awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash.
Restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years.
Beginning in 2013, we incorporated several enhanced riskrelated performance changes to certain long-term incentive compensation programs.
In addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers, final payout amounts will be subject to reduction if PNC fails to meet certain risk-related performance metrics as specified in the award agreements.
However, the P&CC has the discretion to waive any or all of this reduction under certain circumstances.
The weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014, 2013 and 2012 was $80.79, $64.77 and $60.68 per share, respectively.
The total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014, 2013 and 2012 was approximately $119 million, $63 million and $55 million, respectively.
We recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program.
Table 121: Nonvested Incentive/Performance Unit Share Awards and Restricted Stock/Share Unit Awards – Rollforward
## Table 1 ##
Indemnification and repurchase liabilities are initially recognized when loans are sold to investors and are subsequently evaluated by management.
Initial recognition and subsequent adjustments to the indemnification and repurchase liability for the sold residential mortgage portfolio are recognized in Residential mortgage revenue on the Consolidated Income Statement.
Since PNC is no longer engaged in the brokered home equity lending business, only subsequent adjustments are recognized to the home equity loans/lines indemnification and repurchase liability.
These adjustments are recognized in Other noninterest income on the Consolidated Income Statement.
Management’s subsequent evaluation of these indemnification and repurchase liabilities is based upon trends in indemnification and repurchase requests, actual loss experience, risks in the underlying serviced loan portfolios, and current economic conditions.
As part of its evaluation, management considers estimated loss projections over the life of the subject loan portfolio.
At December 31, 2014 and December 31, 2013, the total indemnification and repurchase liability for estimated losses on indemnification and repurchase claims totaled $136 million and $153 million, respectively, and was included in Other liabilities on the Consolidated Balance Sheet.
An analysis of the changes in this liability during 2014 and 2013 follows: Table 151: Analysis of Indemnification and Repurchase Liability for Asserted Claims and Unasserted Claims
## Table 2 ##
(a) Repurchase obligation associated with sold loan portfolios of $57.4 billion and $91.9 billion at December 31, 2014 and December 31, 2013, respectively.
The decrease at December 31, 2014 compared to December 31, 2013 reflects the exclusion of loans sold between 2000 and 2008 that were included in agency settlements and thus repurchase risk was mitigated.
(b) Repurchase obligation associated with sold loan portfolios of $2.5 billion and $2.8 billion at December 31, 2014 and December 31, 2013, respectively.
PNC is no longer engaged in the brokered home equity lending business, which was acquired with National City.
(c) In prior periods, the unpaid principal balance of loans serviced for home equity loans/lines of credit in (b) above reflected the outstanding balance at the time of charge-off.
During the second quarter of 2014, we corrected the outstanding principal balance to reflect the unpaid principal balance as of the reporting date.
Accordingly, the prior period amount as of December 31, 2013 was reduced by $.8 billion.
Management believes the indemnification and repurchase liabilities appropriately reflect the estimated probable losses on indemnification and repurchase claims for all loans sold and outstanding as of December 31, 2014.
In making these estimates, we consider the losses that we expect to incur over the life of the sold loans.
While management seeks to obtain all relevant information in estimating the indemnification and repurchase liability, the estimation process is inherently uncertain and imprecise and, accordingly, it is reasonably possible that future indemnification and repurchase losses could be more or less than our established liability.
Factors that could affect our estimate include the volume of valid claims driven by investor strategies and behavior, our ability to successfully negotiate claims with investors, housing prices and other economic conditions.
At December 31, 2014, we estimate that it is reasonably possible that we could incur additional losses in excess of our accrued indemnification and repurchase liability of up to approximately $99 million for our portfolio of residential mortgage loans sold.
At December 31, 2014, the reasonably possible loss above our accrual for our portfolio of home equity loans/lines of credit sold was not material.
This estimate of potential additional losses in excess of our liability is based on assumed higher repurchase claims and lower claim rescissions than our current assumptions.
Based upon outstanding balances, and excluding purchased impaired loans, at December 31, 2014, for home equity lines of credit for which the borrower can no longer draw (e. g. , draw period has ended or borrowing privileges have been terminated), approximately 3% were 30-89 days past due and approximately 5% were 90 days or more past due.
Generally, when a borrower becomes 60 days past due, we terminate borrowing privileges and those privileges are not subsequently reinstated.
At that point, we continue our collection/recovery processes, which may include loan modification resulting in a loan that is classified as a TDR.
See Note 3 Asset Quality in the Notes To Consolidated Financial Statements of this Report for additional information.
Loan Modifications and Troubled Debt Restructurings Consumer Loan Modifications We modify loans under government and PNC-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure, where appropriate.
Initially, a borrower is evaluated for a modification under a government program.
If a borrower does not qualify under a government program, the borrower is then evaluated under a PNC program.
Our programs utilize both temporary and permanent modifications and typically reduce the interest rate, extend the term and/or defer principal.
Loans that are either temporarily or permanently modified under programs involving a change to loan terms are generally classified as TDRs.
Further, loans that have certain types of payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as TDRs.
Additional detail on TDRs is discussed below as well as in Note 3 Asset Quality in the Notes To Consolidated Financial Statements of this Report.
A temporary modification, with a term between 3 and 24 months, involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date.
A permanent modification, with a term greater than 24 months, is a modification in which the terms of the original loan are changed.
Permanent modification programs primarily include the government-created Home Affordable Modification Program (HAMP) and PNC-developed HAMP-like modification programs.
For home equity lines of credit, we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance.
Examples of this situation often include delinquency due to illness or death in the family or loss of employment.
Permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount, but our expectation is that the borrower can make payments at a lower amount.
We also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers’ needs while mitigating credit losses.
Table 37 provides the number of accounts and unpaid principal balance of modified consumer real estate related loans at the end of each year presented and Table 38 provides the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months, nine months, twelve months and fifteen months after the modification date.
Table 37: Consumer Real Estate Related Loan Modifications
## Table 3 ##

<table><tr><td>In millions</td><td>2014</td><td>2013</td></tr><tr><td>January 1</td><td>$2,055</td><td>$2,166</td></tr><tr><td>Accretion (including excess cash recoveries)</td><td>-587</td><td>-695</td></tr><tr><td>Net reclassifications to accretable from non-accretable (a)</td><td>208</td><td>613</td></tr><tr><td>Disposals</td><td>-118</td><td>-29</td></tr><tr><td>December 31</td><td>$1,558</td><td>$2,055</td></tr></table>
<table><tr><td>Shares in thousands</td><td>Nonvested Incentive/ Performance Unit Shares</td><td>Weighted-AverageGrant DateFair Value</td><td>Nonvested Restricted Stock/ Share Units</td><td>Weighted-AverageGrant DateFair Value</td></tr><tr><td>December 31, 2013</td><td>1,647</td><td>$63.49</td><td>3,483</td><td>$62.70</td></tr><tr><td>Granted</td><td>723</td><td>79.90</td><td>1,276</td><td>81.29</td></tr><tr><td>Vested/Released</td><td>-513</td><td>63.64</td><td>-962</td><td>62.32</td></tr><tr><td>Forfeited</td><td>-20</td><td>69.18</td><td>-145</td><td>69.44</td></tr><tr><td>December 31, 2014</td><td>1,837</td><td>$69.84</td><td>3,652</td><td>$69.03</td></tr></table>
<table><tr><td></td><td colspan="3">2014</td><td colspan="3">2013</td></tr><tr><td>In millions</td><td>Residential Mortgages (a)</td><td>Home Equity Loans/ Lines (b)</td><td>Total</td><td>Residential Mortgages (a)</td><td>Home Equity Loans/ Lines (b) (c)</td><td>Total</td></tr><tr><td>January 1</td><td>$131</td><td>$22</td><td>$153</td><td>$614</td><td>$58</td><td>$672</td></tr><tr><td>Reserve adjustments, net</td><td></td><td>20</td><td>20</td><td>-53</td><td></td><td>-53</td></tr><tr><td>Losses – loan repurchases and private investor settlements</td><td>-24</td><td>-13</td><td>-37</td><td>-239</td><td>-36</td><td>-275</td></tr><tr><td>Agency settlements</td><td></td><td></td><td></td><td>-191</td><td></td><td>-191</td></tr><tr><td>December 31</td><td>$107</td><td>$29</td><td>$136</td><td>$131</td><td>$22</td><td>$153</td></tr></table>
<table><tr><td></td><td colspan="2">December 31, 2014</td><td colspan="2">December 31, 2013</td></tr><tr><td>Dollars in millions</td><td>Number of Accounts</td><td>Unpaid Principal Balance</td><td>Number of Accounts</td><td>Unpaid Principal Balance</td></tr><tr><td> Home equity</td><td></td><td></td><td></td><td></td></tr><tr><td>Temporary Modifications</td><td>5,346</td><td>$417</td><td>6,683</td><td>$539</td></tr><tr><td>Permanent Modifications</td><td>13,128</td><td>968</td><td>11,717</td><td>889</td></tr><tr><td>Total home equity</td><td>18,474</td><td>1,385</td><td>18,400</td><td>1,428</td></tr><tr><td> Residential Mortgages</td><td></td><td></td><td></td><td></td></tr><tr><td>Permanent Modifications</td><td>5,876</td><td>1,110</td><td>7,397</td><td>1,445</td></tr><tr><td> Non-Prime Mortgages</td><td></td><td></td><td></td><td></td></tr><tr><td>Permanent Modifications</td><td>4,358</td><td>611</td><td>4,400</td><td>621</td></tr><tr><td> Residential Construction</td><td></td><td></td><td></td><td></td></tr><tr><td>Permanent Modifications</td><td>2,292</td><td>629</td><td>2,260</td><td>763</td></tr><tr><td>Total Consumer Real Estate Related Loan Modifications</td><td>31,000</td><td>$3,735</td><td>32,457</td><td>$4,257</td></tr></table>

Question: what was the approximate average , in millions , for the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012?
Answer: 26