what was the average dividend or cash dividends received from consolidated subsidiaries and from affiliates accounted for by the equity method in millions in 2002?
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 ) : .

|  | 2003 | 2002 | 2001 |
| :--- | :--- | :--- | :--- |
| Subsidiaries | $807 | $771 | $1,038 |
| Affiliates | 43 | 44 | 21 |

4 . guarantees and letters of credit guarantees 2014in 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 2014at 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% ( 0.5 % ) to 5.00% ( 5.00 % ) per annum on the outstanding amounts . in addition , the company had $ 4 million in surety bonds outstanding at december 31 , 2003. .

dividends = 771
affiliates = 44
average_dividends = dividends / affiliates
answer = average_dividends