Business Segments (Tables)

6 Months Ended

Jun. 30, 2012

Business Segments [Abstract]

Reconciliation of IFRS Basis segment results

	Consumer			All Other			Adjustments Reconciling Items			IFRS Basis Consolidated Totals			IFRS Adjustments(2)			IFRS Reclassifications(3)			U.S. GAAP Consolidated Totals
	(in millions)
Three Months Ended June 30, 2012:
Net interest income	$	593		$	27		$	-		$	620		$	(127	)	$	(102	)	$	391
Other operating income (Total other revenues)		(6	)		(422	)		(1	)(1)		(429	)		(1,550	)		114			(1,865	)
Total operating income (loss)		587			(395	)		(1	)		191			(1,677	)		12			(1,474	)
Loan impairment charges (Provision for credit losses)		721			(1	)		-			720			18			-			738
		(134	)		(394	)		(1	)		(529	)		(1,695	)		12			(2,212	)
Operating expenses		221			1			(1	)		221			6			12			239
Profit (loss) before tax	$	(355	)	$	(395	)	$	-		$	(750	)	$	(1,701	)	$	-		$	(2,451	)
Intersegment revenues		11			(10	)		(1	)(1)		-			-			-
Balances at end of period:
Customer loans (Receivables)	$	44,372		$	300		$	-		$	44,672		$	(9,417	)	$	(299	)	$	34,956
Assets		42,688			10,008			-			52,696			(3,383	)		(22	)		49,291
Three Months Ended June 30, 2011:
Net interest income	$	670		$	156		$	-		$	826		$	(162	)	$	(153	)	$	511
Other operating income (Total other revenues)		(10	)		(67	)		(6	)(1)		(83	)		39			162			118
Total operating income (loss)		660			89			(6	)		743			(123	)		9			629
Loan impairment charges (Provision for credit losses)		873			-			-			873			(290	)		-			583
		(213	)		89			(6	)		(130	)		167			9			46
Operating expenses		226			151			(6	)		371			3			9			383
Profit (loss) before tax	$	(439	)	$	(62	)	$	-		$	(501	)	$	164		$	-		$	(337	)
Intersegment revenues		21			(15	)		(6	)(1)		-			-			-			-
Balances at end of period:
Customer loans (Receivables)	$	51,978		$	1,910		$	-		$	53,888		$	(372	)	$	(1,910	)	$	51,606
Assets		51,001			10,934			-			61,935			(3,251	)		-			58,684
Six Months Ended June 30, 2012:
Net interest income	$	1,190		$	74		$	-		$	1,264		$	(249	)	$	(216	)	$	799
Other operating income (Total other revenues)		(37	)		(701	)		(7	)(1)		(745	)		(1,563	)		248			(2,060	)
Total operating income (loss)		1,153			(627	)		(7	)		519			(1,812	)		32			(1,261	)
Loan impairment charges (Provision for credit losses)		1,576			(1	)		-			1,575			(46	)		-			1,529
		(423	)		(626	)		(7	)		(1,056	)		(1,766	)		32			(2,790	)
Operating expenses		404			13			(7	)		410			12			32			454
Profit (loss) before tax	$	(827	)	$	(639	)	$	-		$	(1,466	)	$	(1,778	)	$	-		$	(3,244	)
Intersegment revenues		23			(16	)		(7	)(1)		-			-			-			-
Six Months Ended June 30, 2011:
Net interest income	$	1,327		$	238		$	-		$	1,565		$	(296	)	$	(314	)	$	955
Other operating income (Total other revenues)		(42	)		(203	)		(12	)(1)		(257	)		18			396			157
Total operating income (loss)		1,285			35			(12	)		1,308			(278	)		82			1,112
Loan impairment charges (Provision for credit losses)		2,150			(1	)		-			2,149			(858	)		-			1,291
		(865	)		36			(12	)		(841	)		580			82			(179	)
Operating expenses		460			149			(12	)		597			7			82			686
Profit (loss) before tax	$	(1,325	)	$	(113	)	$	-		$	(1,438	)	$	573		$	-		$	(865	)
Intersegment revenues		34			(22	)		(12	)(1)		-			-			-			-

⁽¹⁾  Eliminates intersegment revenues.

⁽²⁾  IFRS Adjustments consist of the accounting differences between U.S. GAAP and IFRSs which have been described more fully below.

⁽³⁾  Represents differences in balance sheet and income statement presentation between IFRSs and U.S. GAAP.