Finance Assets, net (Tables)

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Schedule of Allowance for Losses on Finance Assets

The activity in the allowance for losses on finance assets for the nine months ended September 30, 2013 and 2012 was as follows:

	For the Nine Months Ended September 30,
	2013			2012
	(in millions)
Balance at beginning of the year	$	99		$	227
Decrease to allowance	(47		)	(10		)
Amounts written-off	—			(118		)
Balance at September 30	$	52		$	99

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 September 30, 2013 and December 31, 2012 was as follows:

	September 30, 2013		December 31, 2012
	(in millions)
Credit Rating by Standard & Poor’s/Moody’s:
“AAA/Aaa” to “A-/A3”	$	611	$	961
“BBB+/Baa1” to “BBB-/Baa3”	931		938
“BB+/Ba1” and Lower	663		781
Total	$	2,205	$	2,680