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CONSOLIDATED STATEMENT OF INCOME (LOSS) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Finance and other interest income $ 2,438 $ 3,423 $ 4,122
Interest expense on debt held by:      
Interest expense 1,370 1,777 2,346
Net interest income 1,068 1,646 1,776
Provision for credit losses (21) 2,224 [1] 4,418 [2]
Net interest income (loss) after provision for credit losses 1,089 (578) (2,642)
Other revenues:      
Derivative related income (expense) 145 (207) (1,146)
Gain (loss) on debt designated at fair value and related derivatives 228 (449) 1,164
Servicing and other fees from HSBC affiliates 26 35 20
Lower of amortized cost or fair value adjustment on receivables held for sale 536 (1,529) 1
Other income (loss) (54) 31 101
Total other revenues 881 (2,119) 140
Operating expenses:      
Salaries and employee benefits 229 183 158
Occupancy and equipment expenses, net 36 44 51
Real estate owned expenses 74 90 206
Other servicing and administrative expenses 312 487 570
Support services from HSBC affiliates 281 310 270
Total operating expenses 932 1,114 1,255
Income (loss) from continuing operations before income tax 1,038 (3,811) (3,757)
Income tax (expense) benefit (325) 1,406 1,431
Income (loss) from continuing operations 713 (2,405) (2,326)
Discontinued operations (Note 3):      
Income (loss) from discontinued operations before income tax (249) 2,521 1,380
Income tax benefit (expense) 72 (961) (462)
Income (loss) from discontinued operations (177) 1,560 918
Net income (loss) 536 (845) (1,408)
Debt issued to HSBC affiliates [Member]
     
Interest expense on debt held by:      
Interest expense 205 163 164
Debt issued to non-affiliates [Member]
     
Interest expense on debt held by:      
Interest expense $ 1,165 $ 1,614 $ 2,182
[1] Provision for credit losses during 2012 includes $112 million related to the lower of amortized cost or fair value attributable to credit for personal non-credit card receivables transferred to held for sale at June 30, 2012. See Note 7, "Receivables Held for Sale," for additional information.
[2] Provision for credit losses for 2011 includes $925 million related to the adoption of new accounting guidance for TDR Loans in the third quarter of 2011 as discussed more fully in Note 5, "Receivables."