Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations [Abstract]

Businesses held for sale

	March 31,		December 31,
(In millions)	2013		2012
Assets
Cash and equivalents	$	10	$	74
Financing receivables – net		117		47
Property, plant and equipment – net		0		31
All other		44		59
Assets of businesses held for sale	$	171	$	211
Liabilities
Short-term borrowings	$	0	$	138
All other		4		19
Liabilities of businesses held for sale	$	4	$	157

Discontinued Operations

	Three months ended March 31,
(In millions)	2013		2012
Operations
Total revenues (loss)	$	(13)	$	101
Earnings (loss) from discontinued operations before income taxes	$	(128)	$	(66)
Benefit (provision) for income taxes		121		34
Earnings (loss) from discontinued operations, net of taxes	$	(7)	$	(32)
Disposal
Gain (loss) on disposal before income taxes	$	(187)	$	(194)
Benefit (provision) for income taxes		85		29
Gain (loss) on disposal, net of taxes	$	(102)	$	(165)
Earnings (loss) from discontinued operations, net of taxes	$	(109)	$	(197)

	March 31,		December 31,
(In millions)	2013		2012
Assets
Cash and equivalents	$	103	$	102
Property, plant and equipment – net		520		699
All other		1,233		1,498
Assets of discontinued operations	$	1,856	$	2,299
Liabilities
Deferred income taxes	$	374	$	374
All other		1,933		2,007
Liabilities of discontinued operations	$	2,307	$	2,381

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

		Reserve at		Pending claims at
(In millions)	March 31, 2013		(In millions)	March 31, 2013
Reserve, beginning of period	$	633	Pending claims, beginning of period	$	5,357
Provision		107	New claims		853
Claim resolutions		0	Claim resolutions		0
Reserve, end of period	$	740	Pending claims, end of period	$	6,210