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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income (loss) $ (431) $ 523 $ 536
Loss from discontinued operations (37) (24) (177)
Income (loss) from continuing operations (394) 547 713
Adjustments to reconcile income (loss) to net cash used in operating activities:      
Provision for credit losses 250 [1] (365) (21)
Lower of amortized cost or fair value adjustment on receivables held for sale 130 (201) (536)
(Gain) loss on sale of real estate owned, including lower of amortized cost or fair value adjustments 2 (20) 8
Depreciation and amortization 7 9 8
Mark-to-market on debt designated at fair value and related derivatives (18) 59 90
Foreign exchange and derivative movements on long-term debt and net change in non-fair value option related derivative assets and liabilities (359) (799) (445)
Deferred income tax (benefit) provision (527) 116 1,242
Net change in other assets 138 328 (72)
Net change in other liabilities 607 (136) (109)
Other, net 204 68 121
Cash provided by (used in) operating activities – continuing operations 40 (394) 999
Cash provided by (used in) operating activities – discontinued operations 24 41 (239)
Cash provided by (used in) operating activities 64 (353) 760
Cash flows from investing activities      
Net change in short-term securities available-for-sale 0 0 80
Net change in securities purchased under agreements to resell 1,140 3,060 (4,763)
Net change in interest bearing deposits with banks 2,000 (2,000) 1,371
Receivables:      
Net collections 2,142 2,046 2,872
Proceeds from sales of receivables 2,022 2,242 6,095
Proceeds from sales of real estate owned 199 442 640
Payments for (Proceeds from) Productive Assets 53 0 (6)
Cash provided by investing activities – continuing operations 7,556 5,790 6,289
Cash provided by investing activities – discontinued operations 14 0 215
Cash provided by investing activities 7,570 5,790 6,504
Debt:      
Net change in due to affiliates (1,004) (1,813) (329)
Long-term debt retired (6,546) (3,524) (7,011)
Shareholders’ dividends (123) (123) (123)
Cash used in financing activities – continuing operations (7,673) (5,460) (7,463)
Cash used in financing activities – discontinued operations 0 0 0
Cash used in financing activities (7,673) (5,460) (7,463)
Net change in cash (39) (23) (199)
Cash at beginning of period [2] 175 [3] 198 [3] 397
Cash at end of period [3] 136 175 [2] 198 [2]
Supplemental Cash Flow Information [Abstract]      
Interest Paid 939 1,099 1,420
Income taxes paid during period 37 32 8
Income taxes refunded during period 2 278 889
Supplemental Noncash Investing and Capital Activities:      
Fair value of properties added to real estate owned upon foreclosure 131 258 744
Transfer of receivables to held for sale $ 10,327 $ 909 $ 2,130
[1] The provision for credit losses and charge-offs for real estate secured receivables during the year ended December 31, 2015 includes $234 million related to the lower of amortized cost or fair value adjustment attributable to credit factors for receivables transferred to held for sale. See Note 7, "Receivables Held for Sale," for additional information. The provision for credit losses for real estate secured receivables during the year ended December 31, 2015 was impacted by a release of approximately $19 million associated with an out of period adjustment to our credit loss reserve calculation for a segment of our portfolio.
[2] Cash at beginning of period includes $18 million, $23 million and $200 million for discontinued operations as of January 1, 2015, 2014 and 2013, respectively.
[3] Cash at end of period includes $12 million, $18 million and $23 million for discontinued operations as of December 31, 2015, 2014 and 2013, respectively.