CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net income (loss)		$ 422	$ (74)
Income (loss) from discontinued operations		4	(4)
Income (loss) from continuing operations		418	(70)
Adjustments to reconcile income (loss) from continuing operations to net cash used in operating activities:
Provision for credit losses		0	37	[1]
Lower of amortized cost or fair value adjustment on receivables held for sale		(113)	55
Gain on sale of real estate secured receivables		(617)	0
Gain on sale of real estate owned, including lower of amortized cost or fair value adjustments		(1)	(1)
Depreciation and amortization		0	1
Mark-to-market on debt designated at fair value and related derivatives		(3)	(8)
Foreign exchange and derivative movements on long-term debt and net change in non-fair value option related derivative assets and liabilities		43	65
Net change in other assets		103	(145)
Net change in other liabilities		(9)	(162)
Other, net		32	6
Cash used in operating activities – continuing operations		(147)	(222)
Cash provided by (used in) operating activities – discontinued operations		(1)	3
Cash used in operating activities		(148)	(219)
Cash flows from investing activities
Net change in securities purchased under agreements to resell		(3,190)	1,945
Net change in interest bearing deposits with banks		1,500	0
Receivables:
Net collections		171	510
Proceeds from sales of receivables		4,307	0
Proceeds from sales of real estate owned		17	39
Sales of properties and equipment, net		0	2
Cash provided by investing activities – continuing operations		2,805	2,496
Cash provided by investing activities – discontinued operations		0	0
Cash provided by investing activities		2,805	2,496
Debt:
Net change in due to affiliates		(2,500)	(151)
Long-term debt retired		(32)	(2,113)
Debt prepayment fees		(28)	0
Dividends		(22)	(32)
Cash used in financing activities – continuing operations		(2,582)	(2,296)
Cash used in financing activities – discontinued operations		0	0
Cash used in financing activities		(2,582)	(2,296)
Net change in cash		75	(19)
Cash at beginning of period	[2]	135	136
Cash at end of period	[3]	210	117
Supplemental Noncash Investing and Capital Activities:
Fair value of properties added to real estate owned		12	19
Transfer of receivables to held for sale		$ 0	$ 230

[1] The provision for credit losses and charge-offs for real estate secured receivables during the three months ended March 31, 2016 included $13 million related to the initial lower of amortized cost or fair value adjustment attributable to credit factors for receivables transferred to held for sale. See Note 2, "Receivables Held for Sale," for additional information.

[2] Cash at beginning of period includes $7 million and $12 million for discontinued operations at January 1, 2017 and 2016, respectively.

[3] Cash at end of period includes $7 million and $11 million for discontinued operations at March 31, 2017 and 2016, respectively.