CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions		Sep. 30, 2016	Dec. 31, 2015
Assets
Cash		$ 120	$ 124
Securities purchased under agreements to resell		824	2,724
Receivables held for investment, net (including $1.7 billion at December 31, 2015 collateralizing long-term debt and net of credit loss reserves of $311 million at December 31, 2015)		0	8,987
Receivables held for sale (including $790 million at September 30, 2016 collateralizing long-term debt)	[1],[2]	10,148	8,265
Real estate owned		45	88
Deferred income taxes, net		3,082	2,923
Other assets		1,123	1,021
Assets of discontinued operations		1	13
Total assets		15,343	24,145
Debt:
Due to affiliates (including $497 million and $496 million at September 30, 2016 and December 31, 2015, respectively, carried at fair value)		4,824	5,925
Long-term debt (including $1.4 billion and $3.3 billion at September 30, 2016 and December 31, 2015, respectively, carried at fair value and $436 million and $879 million at September 30, 2016 and December 31, 2015, respectively, collateralized by receivables)		4,494	9,510
Total debt		9,318	15,435
Derivative related liabilities		18	57
Liability for postretirement benefits		131	143
Other liabilities		430	1,773
Liabilities of discontinued operations		70	102
Total liabilities		9,967	17,510
Common shareholder’s equity:
Common stock ($0.01 par value, 100 shares authorized; 68 shares issued and outstanding at both September 30, 2016 and December 31, 2015)		0	0
Additional paid-in-capital		23,161	23,245
Accumulated deficit		(18,811)	(18,199)
Accumulated other comprehensive income		26	14
Total common shareholder’s equity		4,376	5,060
Total shareholders’ equity		5,376	6,635
Total liabilities and shareholders’ equity		15,343	24,145
Series B Preferred Stock [Member]
Redeemable preferred stock:
Redeemable preferred stock		0	575
Series C Preferred Stock [Member]
Redeemable preferred stock:
Redeemable preferred stock		$ 1,000	$ 1,000

[1] At September 30, 2016, receivables held for sale includes $790 million of closed-end real estate secured receivables which are part of a collateralized funding transaction. These receivables will be sold when they are contractually released as collateral under the public trust and become available for sale. See Note 11, “Variable Interest Entities,” for further discussion of our collateralized funding transactions.

[2] The receivable balances included in this table reflect the principal amount outstanding on the loan net of any charge-off recorded in accordance with our existing charge-off policies but exclude any basis adjustments to the loan such as unearned income, unamortized deferred fees and costs on originated loans, purchase accounting fair value adjustments and premiums or discounts on purchased receivables. Additionally, the balances in this table related to receivables which have been classified as held for sale have been reduced by the lower of amortized cost or fair value adjustment recorded as well as the credit loss reserves associated with these receivables prior to the transfer.