Business Segments (Tables)

9 Months Ended

Sep. 30, 2012

Reconciliation of IFRS Basis Segment Results

Reconciliation of our IFRS Basis segment results to the U.S. GAAP consolidated totals are as follows:

	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 September 30, 2012:
Net interest income	$	573		$	51		$	-		$	624		$	(123	)	$	(84	)	$	417
Other operating income (Total other revenues)		7			(173	)		-	(1)		(166	)		(77	)		99			(144	)
Total operating income (loss)		580			(122	)		-			458			(200	)		15			273
Loan impairment charges (Provision for credit losses)		493			1			-			494			(207	)		-			287
Net interest income and other operating income less provision for credit losses		87			(123	)		-			(36	)		7			15			(14	)
Operating expenses		234			13			-			247			14			15			276
Profit (loss) before tax	$	(147	)	$	(136	)	$	-		$	(283	)	$	(7	)	$	-		$	(290	)
Intersegment revenues		14			(14	)		-	(1)		-			-			-			-
Balances at end of period:
Customer loans (Receivables)	$	38,692		$	-		$	-		$	38,692		$	(4,729	)	$	-		$	33,963
Assets		41,486			7,201			-			48,687			(3,247	)		-			45,440
Three Months Ended September 30, 2011:
Net interest income	$	716		$	122		$	-		$	838		$	(239	)	$	(147	)	$	452
Other operating income (Total other revenues)		(1	)		(279	)		(7	)(1)		(287	)		21			176			(90	)
Total operating income (loss)		715			(157	)		(7	)		551			(218	)		29			362
Loan impairment charges (Provision for credit losses)		1,822			1			-			1,823			359			-			2,182
Net interest income and other operating income less provision for credit losses		(1,107	)		(158	)		(7	)		(1,272	)		(577	)		29			(1,820	)
Operating expenses		172			6			(7	)		171			4			29			204
Profit (loss) before tax	$	(1,279	)	$	(164	)	$	-		$	(1,443	)	$	(581	)	$	-		$	(2,024	)
Intersegment revenues		20			(13	)		(7	)(1)		-			-			-			-
Balances at end of period:
Customer loans (Receivables)	$	50,049		$	110		$	-		$	50,159		$	(250	)	$	(110	)	$	49,799
Assets		48,684			9,349			-			58,033			(3,087	)		-			54,946
Nine Months Ended September 30, 2012:
Net interest income	$	1,763		$	125		$	-		$	1,888		$	(372	)	$	(300	)	$	1,216
Other operating income (Total other revenues)		(30	)		(874	)		(7	)(1)		(911	)		(1,640	)		347			(2,204	)
Total operating income (loss)		1,733			(749	)		(7	)		977			(2,012	)		47			(988	)
Loan impairment charges (Provision for credit losses)		2,069			-			-			2,069			(253	)		-			1,816
Net interest income and other operating income less provision for credit losses		(336	)		(749	)		(7	)		(1,092	)		(1,759	)		47			(2,804	)
Operating expenses		638			26			(7	)		657			26			47			730
Profit (loss) before tax	$	(974	)	$	(775	)	$	-		$	(1,749	)	$	(1,785	)	$	-		$	(3,534	)
Intersegment revenues		37			(30	)		(7	)(1)		-			-			-
Nine Months Ended September 30, 2011:
Net interest income	$	2,043		$	360		$	-		$	2,403		$	(535	)	$	(461	)	$	1,407
Other operating income (Total other revenues)		(43	)		(472	)		(19	)(1)		(534	)		39			562			67
Total operating income (loss)		2,000			(112	)		(19	)		1,869			(496	)		101			1,474
Loan impairment charges (Provision for credit losses)		3,972			-			-			3,972			(499	)		-			3,473
Net interest income and other operating income less provision for credit losses		(1,972	)		(112	)		(19	)		(2,103	)		3			101			(1,999	)
Operating expenses		632			165			(19	)		778			11			101			890
Profit (loss) before tax	$	(2,604	)	$	(277	)	$	-		$	(2,881	)	$	(8	)	$	-		$	(2,889	)
Intersegment revenues		54			(35	)		(19	)(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.