General (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Impact of Adoption on the Condensed Consolidated Statement of Operations and Balance Sheet

The cumulative effect changes to the Condensed Consolidated Balance Sheet for the adoption of the updated guidance on January 1, 2018 were as follows:

(In millions)	Balance as of December 31, 2017		Adjustments Due to Adoption of Topic 606			Balance as of January 1, 2018
Other assets	$	1,133	$	1,882		$	3,015
Other liabilities	4,253		1,969			6,222
Deferred income taxes	137		21			158
Retained earnings	9,414		(66		)	9,348

The impact of adoption on the Condensed Consolidated Statement of Operations and Balance Sheet as of and for the three months ended March 31, 2018 was as follows:

Three months ended March 31	2018 Prior to Adoption			Effect of Adoption			2018 as Reported
(In millions)
Statement of operations:
Non-insurance warranty revenue	$	101		$	137		$	238
Total revenues	2,398			137			2,535
Non-insurance warranty expense	78			138			216
Total claims, benefits and expenses	2,051			138			2,189
Income before income tax	347			(1		)	346
Income tax expense	(55		)	—			(55		)
Net income	292			(1		)	291
Balance sheet(1):
Other assets	$	3,154		$	87		$	3,241
Other liabilities	6,321			88			6,409
Deferred income taxes	238			—			238
Retained earnings	9,029			(1		)	9,028

(1) 2018 Prior to Adoption includes the cumulative effect adjustment at adoption.