Finance Assets, Net (Tables)

3 Months Ended

Mar. 31, 2013

Schedule Of Allowance For Losses On Finance Assets

The activity in the allowance for losses on finance assets for the three months ended March 31, 2013 and 2012 was as follows:



	For the Three Months Ended March 31,
	2013			2012
	(in millions)
Balance at beginning of the year	$	99		$	227
Decrease to allowance	(20		)	—
Amounts written-off	—			(23		)
Balance at March 31	$	79		$	204

Schedule Of Credit Quality Of Investments In Finance Assets

The credit quality of PMCC’s investments in finance assets as assigned by Standard & Poor’s Ratings Services (“Standard & Poor’s”) and Moody’s Investors Service, Inc. (“Moody’s”) at March 31, 2013 and December 31, 2012 was as follows:



	March 31, 2013		December 31, 2012
	(in millions)
Credit Rating by Standard & Poor’s/Moody’s:
“AAA/Aaa” to “A-/A3”	$	784	$	961
“BBB+/Baa1” to “BBB-/Baa3”	925		938
“BB+/Ba1” and Lower	755		781
Total	$	2,464	$	2,680