XML 64 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Selected Quarterly Financial Data (Unaudited) (Notes)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 
 
2013
 
2012
  
Fourth
 
Third
 
Second
 
First
 
Fourth
 
Third
 
Second
 
First
 
(in millions)
Net interest income
$
207

 
$
229

 
$
238

 
$
394

 
$
430

 
$
417

 
$
391

 
$
408

Provision for credit losses(1)
(152
)
 
(160
)
 
267

 
24

 
408

 
287

 
738

 
791

Net interest income (loss) after provision for credit losses
359

 
389

 
(29
)
 
370

 
22

 
130

 
(347
)
 
(383
)
Other revenues
(215
)
 
114

 
628

 
354

 
85

 
(144
)
 
(1,865
)
 
(195
)
Operating expenses
253

 
216

 
195

 
268

 
384

 
276

 
239

 
215

Income (loss) from continuing operations before income tax (expense) benefit
(109
)
 
287

 
404

 
456

 
(277
)
 
(290
)
 
(2,451
)
 
(793
)
Income tax (expense) benefit
51

 
(91
)
 
(133
)
 
(152
)
 
81

 
98

 
939

 
288

Income (loss) from continuing operations
(58
)
 
196

 
271

 
304

 
(196
)
 
(192
)
 
(1,512
)
 
(505
)
Income (loss) from discontinued operations
(19
)
 
(29
)
 
(51
)
 
(78
)
 
(99
)
 
55

 
1,254

 
350

Net income (loss)
$
(77
)
 
$
167

 
$
220

 
$
226

 
$
(295
)
 
$
(137
)
 
$
(258
)
 
$
(155
)
 
(1)
The provision for credit losses during the fourth quarter of 2012 included $350 million related to changes in the loss emergence period used in our roll rate migration analysis. See Note 6, "Credit Loss Reserves," in the accompanying consolidated financial statements for further discussion of the adoption of this new accounting guidance.