Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Condensed Consolidating Balance Sheet

The following table presents the condensed consolidating balance sheet information as of September 30, 2015:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Assets
Investments:
Fixed maturity securities available-for-sale, at fair value	$	—		$	150		$	60,901		$	(200	)	$	60,851
Equity securities available-for-sale, at fair value		—			—			273			—			273
Commercial mortgage loans		—			—			6,133			—			6,133
Restricted commercial mortgage loans related to securitization entities		—			—			175			—			175
Policy loans		—			—			1,567			—			1,567
Other invested assets		—			124			2,652			(3	)		2,773
Restricted other invested assets related to securitization entities, at fair value		—			—			412			—			412
Investments in subsidiaries		13,563			13,610			—			(27,173	)		—
Total investments		13,563			13,884			72,113			(27,376	)		72,184
Cash and cash equivalents		—			734			2,932			—			3,666
Accrued investment income		—			—			685			—			685
Deferred acquisition costs		—			—			4,437			—			4,437
Intangible assets		—			—			284			—			284
Goodwill		—			—			14			—			14
Reinsurance recoverable		—			—			17,276			—			17,276
Other assets		2			216			361			(2	)		577
Intercompany notes receivable		2			291			399			(692	)		—
Separate account assets		—			—			7,893			—			7,893
Assets held for sale related to discontinued operations		—			—			1,206			—			1,206
Total assets	$	13,567		$	15,125		$	107,600		$	(28,070	)	$	108,222
Liabilities and stockholders’ equity
Liabilities:
Future policy benefits	$	—		$	—		$	36,472		$	—		$	36,472
Policyholder account balances		—			—			26,000			—			26,000
Liability for policy and contract claims		—			—			8,065			—			8,065
Unearned premiums		—			—			3,340			—			3,340
Other liabilities		5			260			2,982			(6	)		3,241
Intercompany notes payable		—			602			290			(892	)		—
Borrowings related to securitization entities		—			—			188			—			188
Non-recourse funding obligations		—			—			1,951			—			1,951
Long-term borrowings		—			4,100			501			—			4,601
Deferred tax liability		(23	)		(1,077	)		1,301			—			201
Separate account liabilities		—			—			7,893			—			7,893
Liabilities held for sale related to discontinued operations		6			—			848			—			854
Total liabilities		(12	)		3,885			89,831			(898	)		92,806
Stockholders’ equity:
Common stock		1			—			—			—			1
Additional paid-in capital		11,944			9,098			16,956			(26,054	)		11,944
Accumulated other comprehensive income (loss)		3,478			3,560			3,498			(7,058	)		3,478
Retained earnings		856			(1,418	)		(4,827	)		6,245			856
Treasury stock, at cost		(2,700	)		—			—			—			(2,700	)
Total Genworth Financial, Inc.’s stockholders’ equity		13,579			11,240			15,627			(26,867	)		13,579
Noncontrolling interests		—			—			2,142			(305	)		1,837
Total stockholders’ equity		13,579			11,240			17,769			(27,172	)		15,416
Total liabilities and stockholders’ equity	$	13,567		$	15,125		$	107,600		$	(28,070	)	$	108,222

The following table presents the condensed consolidating balance sheet information as of December 31, 2014:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Assets
Investments:
Fixed maturity securities available-for-sale, at fair value	$	—		$	150		$	61,326		$	(200	)	$	61,276
Equity securities available-for-sale, at fair value		—			—			275			—			275
Commercial mortgage loans		—			—			6,100			—			6,100
Restricted commercial mortgage loans related to securitization entities		—			—			201			—			201
Policy loans		—			—			1,501			—			1,501
Other invested assets		—			14			2,235			(5	)		2,244
Restricted other invested assets related to securitization entities, at fair value		—			—			411			—			411
Investments in subsidiaries		14,895			15,003			—			(29,898	)		—
Total investments		14,895			15,167			72,049			(30,103	)		72,008
Cash and cash equivalents		—			953			3,763			—			4,716
Accrued investment income		—			—			668			(4	)		664
Deferred acquisition costs		—			—			4,849			—			4,849
Intangible assets		—			—			250			—			250
Goodwill		—			—			16			—			16
Reinsurance recoverable		—			—			17,314			—			17,314
Other assets		2			207			316			(1	)		524
Intercompany notes receivable		9			267			395			(671	)		—
Separate account assets		—			—			9,208			—			9,208
Assets held for sale related to discontinued operations		—			—			1,809			—			1,809
Total assets	$	14,906		$	16,594		$	110,637		$	(30,779	)	$	111,358
Liabilities and stockholders’ equity
Liabilities:
Future policy benefits	$	—		$	—		$	35,915		$	—		$	35,915
Policyholder account balances		—			—			26,032			—			26,032
Liability for policy and contract claims		—			—			7,937			—			7,937
Unearned premiums		—			—			3,547			—			3,547
Other liabilities		3			251			3,039			(11	)		3,282
Intercompany notes payable		—			604			267			(871	)		—
Borrowings related to securitization entities		—			—			219			—			219
Non-recourse funding obligations		—			—			1,996			—			1,996
Long-term borrowings		—			4,151			488			—			4,639
Deferred tax liability		(20	)		(970	)		1,848			—			858
Separate account liabilities		—			—			9,208			—			9,208
Liabilities held for sale related to discontinued operations		—			—			928			—			928
Total liabilities		(17	)		4,036			91,424			(882	)		94,561
Stockholders’ equity:
Common stock		1			—			—			—			1
Additional paid-in capital		11,997			9,162			17,080			(26,242	)		11,997
Accumulated other comprehensive income (loss)		4,446			4,449			4,459			(8,908	)		4,446
Retained earnings		1,179			(1,053	)		(4,205	)		5,258			1,179
Treasury stock, at cost		(2,700	)		—			—			—			(2,700	)
Total Genworth Financial, Inc.’s stockholders’ equity		14,923			12,558			17,334			(29,892	)		14,923
Noncontrolling interests		—			—			1,879			(5	)		1,874
Total stockholders’ equity		14,923			12,558			19,213			(29,897	)		16,797
Total liabilities and stockholders’ equity	$	14,906		$	16,594		$	110,637		$	(30,779	)	$	111,358

Condensed Consolidating Income Statement

The following table presents the condensed consolidating income statement information for the three months ended September 30, 2015:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Revenues:
Premiums	$	—		$	—		$	1,145		$	—		$	1,145
Net investment income		(1	)		—			788			(4	)		783
Net investment gains (losses)		—			21			(72	)		—			(51	)
Insurance and investment product fees and other		—			(10	)		233			—			223
Total revenues		(1	)		11			2,094			(4	)		2,100
Benefits and expenses:
Benefits and other changes in policy reserves		—			—			1,290			—			1,290
Interest credited		—			—			179			—			179
Acquisition and operating expenses, net of deferrals		9			1			304			—			314
Amortization of deferred acquisition costs and intangibles		—			—			563			—			563
Interest expense		—			77			32			(4	)		105
Total benefits and expenses		9			78			2,368			(4	)		2,451
Income (loss) from continuing operations before income taxes and equity in income of subsidiaries		(10	)		(67	)		(274	)		—			(351	)
Provision (benefit) for income taxes		(40	)		21			(115	)		—			(134	)
Equity in income (loss) of subsidiaries		(314	)		(270	)		—			584			—
Income (loss) from continuing operations		(284	)		(358	)		(159	)		584			(217	)
Income (loss) from discontinued operations, net of taxes		—			—			(21	)		—			(21	)
Net income (loss)		(284	)		(358	)		(180	)		584			(238	)
Less: net income attributable to noncontrolling interests		—			—			46			—			46
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(284	)	$	(358	)	$	(226	)	$	584		$	(284	)

The following table presents the condensed consolidating income statement information for the three months ended September 30, 2014:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Revenues:
Premiums	$	—		$	—		$	1,210		$	—		$	1,210
Net investment income		(1	)		—			783			(4	)		778
Net investment gains (losses)		—			9			(36	)		—			(27	)
Insurance and investment product fees and other		—			—			229			—			229
Total revenues		(1	)		9			2,186			(4	)		2,190
Benefits and expenses:
Benefits and other changes in policy reserves		—			—			1,934			—			1,934
Interest credited		—			—			185			—			185
Acquisition and operating expenses, net of deferrals		5			—			279			—			284
Amortization of deferred acquisition costs and intangibles		—			—			113			—			113
Goodwill impairment		—			—			550			—			550
Interest expense		—			77			31			(4	)		104
Total benefits and expenses		5			77			3,092			(4	)		3,170
Income (loss) from continuing operations before income taxes and equity in income (loss) of subsidiaries		(6	)		(68	)		(906	)		—			(980	)
Provision (benefit) for income taxes		8			(16	)		(179	)		—			(187	)
Equity in income (loss) of subsidiaries		(830	)		(785	)		—			1,615			—
Income (loss) from continuing operations		(844	)		(837	)		(727	)		1,615			(793	)
Income (loss) from discontinued operations, net of taxes		—			—			6			—			6
Net income (loss)		(844	)		(837	)		(721	)		1,615			(787	)
Less: net income attributable to noncontrolling interests		—			—			57			—			57
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(844	)	$	(837	)	$	(778	)	$	1,615		$	(844	)

The following table presents the condensed consolidating income statement information for the nine months ended September 30, 2015:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Revenues:
Premiums	$	—		$	—		$	3,422		$	—		$	3,422
Net investment income		(2	)		1			2,369			(11	)		2,357
Net investment gains (losses)		—			37			(96	)		—			(59	)
Insurance and investment product fees and other		—			(30	)		703			(1	)		672
Total revenues		(2	)		8			6,398			(12	)		6,392
Benefits and expenses:
Benefits and other changes in policy reserves		—			—			3,714			—			3,714
Interest credited		—			—			540			—			540
Acquisition and operating expenses, net of deferrals		23			2			851			—			876
Amortization of deferred acquisition costs and intangibles		—			—			759			—			759
Interest expense		—			231			96			(12	)		315
Total benefits and expenses		23			233			5,960			(12	)		6,204
Income (loss) from continuing operations before income taxes and equity in income of subsidiaries		(25	)		(225	)		438			—			188
Provision (benefit) for income taxes		(7	)		(81	)		115			—			27
Equity in income (loss) of subsidiaries		(299	)		(319	)		—			618			—
Income (loss) from continuing operations		(317	)		(463	)		323			618			161
Income (loss) from discontinued operations, net of taxes		(6	)		—			(328	)		—			(334	)
Net income (loss)		(323	)		(463	)		(5	)		618			(173	)
Less: net income attributable to noncontrolling interests		—			—			150			—			150
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(323	)	$	(463	)	$	(155	)	$	618		$	(323	)

The following table presents the condensed consolidating income statement information for the nine months ended September 30, 2014:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Revenues:
Premiums	$	—		$	—		$	3,486		$	—		$	3,486
Net investment income		(1	)		—			2,357			(11	)		2,345
Net investment gains (losses)		—			—			(11	)		—			(11	)
Insurance and investment product fees and other		—			(3	)		684			(1	)		680
Total revenues		(1	)		(3	)		6,516			(12	)		6,500
Benefits and expenses:
Benefits and other changes in policy reserves		—			—			4,282			—			4,282
Interest credited		—			—			552			—			552
Acquisition and operating expenses, net of deferrals		15			—			824			—			839
Amortization of deferred acquisition costs and intangibles		—			—			325			—			325
Goodwill impairment		—			—			550			—			550
Interest expense		—			244			95			(12	)		327
Total benefits and expenses		15			244			6,628			(12	)		6,875
Income (loss) from continuing operations before income taxes and equity in income of subsidiaries		(16	)		(247	)		(112	)		—			(375	)
Provision (benefit) for income taxes		13			(80	)		55			(4	)		(16	)
Equity in income (loss) of subsidiaries		(455	)		(389	)		—			844			—
Income (loss) from continuing operations		(484	)		(556	)		(167	)		848			(359	)
Income (loss) from discontinued operations, net of taxes		—			—			19			—			19
Net income (loss)		(484	)		(556	)		(148	)		848			(340	)
Less: net income attributable to noncontrolling interests		—			—			144			—			144
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(484	)	$	(556	)	$	(292	)	$	848		$	(484	)

Condensed Consolidating Statement of Comprehensive Income

The following table presents the condensed consolidating comprehensive income statement information for the three months ended September 30, 2015:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(284	)	$	(358	)	$	(180	)	$	584		$	(238	)
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired		103			111			85			(212	)		87
Net unrealized gains (losses) on other-than-temporarily impaired securities		—			(1	)		—			1			—
Derivatives qualifying as hedges		217			217			231			(448	)		217
Foreign currency translation and other adjustments		(151	)		(127	)		(302	)		278			(302	)
Total other comprehensive income (loss)		169			200			14			(381	)		2
Total comprehensive income (loss)		(115	)		(158	)		(166	)		203			(236	)
Less: comprehensive income attributable to noncontrolling interests		—			—			(121	)		—			(121	)
Total comprehensive income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(115	)	$	(158	)	$	(45	)	$	203		$	(115	)

The following table presents the condensed consolidating comprehensive income statement information for the three months ended September 30, 2014:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(844	)	$	(837	)	$	(721	)	$	1,615		$	(787	)
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired		(62	)		(60	)		(67	)		121			(68	)
Net unrealized gains (losses) on other-than-temporarily impaired securities		1			2			1			(3	)		1
Derivatives qualifying as hedges		101			101			105			(206	)		101
Foreign currency translation and other adjustments		(267	)		(229	)		(379	)		496			(379	)
Total other comprehensive income (loss)		(227	)		(186	)		(340	)		408			(345	)
Total comprehensive income (loss)		(1,071	)		(1,023	)		(1,061	)		2,023			(1,132	)
Less: comprehensive income attributable to noncontrolling interests		—			—			(61	)		—			(61	)
Total comprehensive income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(1,071	)	$	(1,023	)	$	(1,000	)	$	2,023		$	(1,071	)

The following table presents the condensed consolidating comprehensive income statement information for the nine months ended September 30, 2015:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(323	)	$	(463	)	$	(5	)	$	618		$	(173	)
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired		(708	)		(696	)		(729	)		1,405			(728	)
Net unrealized gains (losses) on other-than-temporarily impaired securities		—			(1	)		—			1			—
Derivatives qualifying as hedges		60			60			68			(128	)		60
Foreign currency translation and other adjustments		(344	)		(276	)		(619	)		620			(619	)
Total other comprehensive income (loss)		(992	)		(913	)		(1,280	)		1,898			(1,287	)
Total comprehensive income (loss)		(1,315	)		(1,376	)		(1,285	)		2,516			(1,460	)
Less: comprehensive income attributable to noncontrolling interests		—			—			(145	)		—			(145	)
Total comprehensive income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(1,315	)	$	(1,376	)	$	(1,140	)	$	2,516		$	(1,315	)

The following table presents the condensed consolidating comprehensive income statement information for the nine months ended September 30, 2014:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(484	)	$	(556	)	$	(148	)	$	848		$	(340	)
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired		1,155			1,129			1,171			(2,284	)		1,171
Net unrealized gains (losses) on other-than-temporarily impaired securities		8			9			8			(17	)		8
Derivatives qualifying as hedges		434			434			460			(894	)		434
Foreign currency translation and other adjustments		(148	)		(109	)		(252	)		257			(252	)
Total other comprehensive income (loss)		1,449			1,463			1,387			(2,938	)		1,361
Total comprehensive income (loss)		965			907			1,239			(2,090	)		1,021
Less: comprehensive income attributable to noncontrolling interests		—			—			56			—			56
Total comprehensive income (loss) available to Genworth Financial, Inc.’s common stockholders	$	965		$	907		$	1,183		$	(2,090	)	$	965

Condensed Consolidating Statement of Cash Flows

The following table presents the condensed consolidating cash flow statement information for the nine months ended September 30, 2015:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net income (loss)	$	(323	)	$	(463	)	$	(5	)	$	618		$	(173	)
Less loss from discontinued operations, net of taxes		6			—			328			—			334
Adjustments to reconcile net income (loss) to net cash from operating activities:
Equity in (income) loss from subsidiaries		299			319			—			(618	)		—
Dividends from subsidiaries		—			454			(454	)		—			—
Amortization of fixed maturity securities discounts and premiums and limited partnerships		—			—			(80	)		—			(80	)
Net investment losses (gains)		—			(37	)		96			—			59
Charges assessed to policyholders		—			—			(586	)		—			(586	)
Acquisition costs deferred		—			—			(226	)		—			(226	)
Amortization of deferred acquisition costs and intangibles		—			—			759			—			759
Deferred income taxes		(2	)		(102	)		(13	)		—			(117	)
Net increase (decrease) in trading securities, held-for-sale investments and derivative instruments		—			27			(274	)		—			(247	)
Stock-based compensation expense		16			—			(2	)		—			14
Change in certain assets and liabilities:
Accrued investment income and other assets		—			3			(133	)		(3	)		(133	)
Insurance reserves		—			—			1,270			—			1,270
Current tax liabilities		(1	)		13			(88	)		5			(71	)
Other liabilities, policy and contract claims and other policy-related balances		—			(1	)		353			—			352
Cash from operating activities—discontinued operations		—			—			3			—			3
Net cash from operating activities		(5	)		213			948			2			1,158
Cash flows from investing activities:
Proceeds from maturities and repayments of investments:
Fixed maturity securities		—			1			3,388			—			3,389
Commercial mortgage loans		—			—			640			—			640
Restricted commercial mortgage loans related to securitization entities		—			—			27			—			27
Proceeds from sales of investments:
Fixed maturity and equity securities		—			—			1,333			—			1,333
Purchases and originations of investments:
Fixed maturity and equity securities		—			—			(6,836	)		—			(6,836	)
Commercial mortgage loans		—			—			(678	)		—			(678	)
Other invested assets, net		—			(100	)		63			(2	)		(39	)
Policy loans, net		—			—			23			—			23
Intercompany notes receivable		7			(24	)		(4	)		21			—
Capital contributions to subsidiaries		—			(25	)		25			—			—
Cash transferred for purchase of a subsidiary		—			(202	)		202			—			—
Cash from investing activities—discontinued operations		—			—			(22	)		—			(22	)
Net cash from investing activities		7			(350	)		(1,839	)		19			(2,163	)
Cash flows from financing activities:
Deposits to universal life and investment contracts		—			—			1,693			—			1,693
Withdrawals from universal life and investment contracts		—			—			(1,677	)		—			(1,677	)
Redemption of non-recourse funding obligations		—			—			(45	)		—			(45	)
Proceeds from the issuance of long-term debt		—			—			150			—			150
Repayment and repurchase of long-term debt		—			(50	)		(70	)		—			(120	)
Repayment of borrowings related to securitization entities		—			—			(26	)		—			(26	)
Proceeds from sale of subsidiary shares to noncontrolling interests		—			—			226			—			226
Repurchase of subsidiary shares		—			—			(17	)		—			(17	)
Dividends paid to noncontrolling interests		—			—			(145	)		—			(145	)
Proceeds from intercompany notes payable		—			(2	)		23			(21	)		—
Other, net		(2	)		(30	)		7			—			(25	)
Cash from financing activities—discontinued operations		—			—			(33	)		—			(33	)
Net cash from financing activities		(2	)		(82	)		86			(21	)		(19	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(86	)		—			(86	)
Net change in cash and cash equivalents		—			(219	)		(891	)		—			(1,110	)
Cash and cash equivalents at beginning of period		—			953			3,965			—			4,918
Cash and cash equivalents at end of period		—			734			3,074			—			3,808
Less cash and cash equivalents of discontinued operations at end of period		—			—			142			—			142
Cash and cash equivalents of continuing operations at end of period	$	—		$	734		$	2,932		$	—		$	3,666

The following table presents the condensed consolidating cash flow statement information for the nine months ended September 30, 2014:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net income (loss)	$	(484	)	$	(556	)	$	(148	)	$	848		$	(340	)
Less income from discontinued operations, net of taxes		—			—			(19	)		—			(19	)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Equity in (income) loss from subsidiaries		455			389			—			(844	)		—
Dividends from subsidiaries		—			563			(563	)		—			—
Amortization of fixed maturity securities discounts and premiums and limited partnerships		—			—			(97	)		—			(97	)
Net investment losses (gains)		—			—			11			—			11
Charges assessed to policyholders		—			—			(580	)		—			(580	)
Acquisition costs deferred		—			—			(282	)		—			(282	)
Amortization of deferred acquisition costs and intangibles		—			—			325			—			325
Goodwill impairment		—			—			550			—			550
Deferred income taxes		25			(137	)		(70	)		(4	)		(186	)
Net increase (decrease) in trading securities, held-for-sale investments and derivative instruments		—			—			110			—			110
Stock-based compensation expense		15			—			4			—			19
Change in certain assets and liabilities:
Accrued investment income and other assets		(2	)		44			(213	)		(4	)		(175	)
Insurance reserves		—			—			1,260			—			1,260
Current tax liabilities		(16	)		(37	)		(132	)		—			(185	)
Other liabilities, policy and contract claims and other policy-related balances		12			51			665			3			731
Cash from operating activities—discontinued operations		—			—			(2	)		—			(2	)
Net cash from operating activities		5			317			819			(1	)		1,140
Cash flows from investing activities:
Proceeds from maturities and repayments of investments:
Fixed maturity securities		—			—			3,638			—			3,638
Commercial mortgage loans		—			—			528			—			528
Restricted commercial mortgage loans related to securitization entities		—			—			24			—			24
Proceeds from sales of investments:
Fixed maturity and equity securities		—			—			1,651			—			1,651
Purchases and originations of investments:
Fixed maturity and equity securities		—			—			(7,202	)		—			(7,202	)
Commercial mortgage loans		—			—			(709	)		—			(709	)
Other invested assets, net		—			—			103			1			104
Policy loans, net		—			—			11			—			11
Intercompany notes receivable		8			(15	)		9			(2	)		—
Capital contributions to subsidiaries		(12	)		—			12			—			—
Cash from investing activities—discontinued operations		—						(48	)		—			(48	)
Net cash from investing activities		(4	)		(15	)		(1,983	)		(1	)		(2,003	)
Cash flows from financing activities:
Deposits to universal life and investment contracts		—			—			2,201			—			2,201
Withdrawals from universal life and investment contracts		—			—			(1,950	)		—			(1,950	)
Redemption of non-recourse funding obligations		—			—			(28	)		—			(28	)
Proceeds from the issuance of long-term debt		—			—			144			—			144
Repayment and repurchase of long-term debt		—			(485	)		(136	)		—			(621	)
Repayment of borrowings related to securitization entities		—			—			(24	)		—			(24	)
Proceeds from sale of subsidiary shares to noncontrolling interests		—			—			517			—			517
Dividends paid to noncontrolling interests		—			—			(46	)		—			(46	)
Proceeds from intercompany notes payable		1			(17	)		14			2			—
Other, net		(2	)		(31	)		14			—			(19	)
Cash from financing activities—discontinued operations		—			—			(25	)		—			(25	)
Net cash from financing activities		(1	)		(533	)		681			2			149
Effect of exchange rate changes on cash and cash equivalents		—			—			(23	)		—			(23	)
Net change in cash and cash equivalents		—			(231	)		(506	)		—			(737	)
Cash and cash equivalents at beginning of period		—			1,219			2,995			—			4,214
Cash and cash equivalents at end of period		—			988			2,489			—			3,477
Less cash and cash equivalents of discontinued operations at end of period		—			—			193			—			193
Cash and cash equivalents from continuing operations at end of period	$	—		$	988		$	2,296		$	—		$	3,284