XML 105 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEET (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash $ 175 $ 197
Interest bearing deposits with banks 0 1,371
Securities purchased under agreements to resell 6,924 2,160
Securities available-for-sale 0 80
Receivables, net (including $4.0 billion and $4.9 billion at December 31, 2013 and 2012, respectively, collateralizing long-term debt and net of credit loss reserves of $3.3 billion and $4.6 billion at December 31, 2013 and 2012, respectively) 24,173 29,284
Receivables held for sale 2,047 [1] 6,203 [1]
Properties and equipment, net 68 71
Real estate owned 323 227
Deferred income taxes, net 2,580 3,889
Other assets 1,417 1,264
Assets of discontinued operations 165 2,032
Total assets 37,872 46,778
Debt:    
Due to affiliates (including $496 million and $514 million at December 31, 2013 and 2012, respectively, carried at fair value) 8,742 9,089
Long-term debt (including $8.0 billion and $9.7 billion at December 31, 2013 and 2012, respectively, carried at fair value and $2.2 billion and $2.9 billion at December 31, 2013 and 2012, respectively, collateralized by receivables) 20,839 28,426
Total debt 29,581 37,515
Derivative related liabilities 0 22
Liability for postretirement benefits 228 263
Other liabilities 1,299 1,372
Liabilities of discontinued operations 103 1,501
Total liabilities 31,211 40,673
Common shareholder's equity:    
Common stock ($0.01 par value, 100 shares authorized; 68 shares issued at December 31, 2013 and 2012, respectively) 0 0
Additional paid-in capital 23,968 23,974
Accumulated deficit (18,774) (19,187)
Accumulated other comprehensive loss (108) (257)
Total common shareholder's equity 5,086 4,530
Total shareholders' equity 6,661 6,105
Total liabilities and shareholders' equity 37,872 46,778
Series B Preferred Stock [Member]
   
Redeemable preferred stock:    
Redeemable preferred stock 575 575
Series C Preferred Stock [Member]
   
Redeemable preferred stock:    
Redeemable preferred stock $ 1,000 $ 1,000
[1] Net of a valuation allowance of $329 million and $1,452 million at December 31, 2013 and December 31, 2012, respectively. The following table provides a rollforward of our valuation allowance for 2013 and 2012: