Business Segments (Tables)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

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(1)			IFRS Basis Consolidated Totals			IFRS Adjustments(2)			IFRS Reclassifications(3)			U.S. GAAP Consolidated Totals
	(in millions)
Year Ended December 31, 2012:
Net interest income	$	2,350		$	190		$	—		$	2,540		$	(500	)	$	(394	)	$	1,646
Other operating income (Total other revenues)	(11		)	(942		)	(7		)	(960		)	(1,609		)	450			(2,119		)
Total operating income (loss)	2,339			(752		)	(7		)	1,580			(2,109		)	56			(473		)
Loan impairment charges (Provision for credit losses)	2,556			—			—			2,556			(332		)	—			2,224
	(217		)	(752		)	(7		)	(976		)	(1,777		)	56			(2,697		)
Operating expenses	984			37			(7		)	1,014			44			56			1,114
Profit (loss) before tax	$	(1,201	)	$	(789	)	$	—		$	(1,990	)	$	(1,821	)	$	—		$	(3,811	)
Intersegment revenues	6			1			(7		)	—			—			—			—
Depreciation and amortization	1			12			—			13			—			(6		)	7
Expenditures for long-lived assets	—			3			—			3			—			—			3
Balances at end of period:																			—
Customer loans (Receivables)	$	37,496		$	60		$	—		$	37,556		$	(4,557	)	$	(60	)	$	32,939
Assets	40,215			7,605			—			47,820			(3,074		)	—			44,746
Year Ended December 31, 2011:
Net interest income	$	2,456		$	425		$	—		$	2,881		$	(522	)	$	(583	)	$	1,776
Other operating income (Total other revenues)	(48		)	(504		)	(25		)	(577		)	3			714			140
Total operating income (loss)	2,408			(79		)	(25		)	2,304			(519		)	131			1,916
Loan impairment charges (Provision for credit losses)	4,911			2			—			4,913			(495		)	—			4,418
	(2,503		)	(81		)	(25		)	(2,609		)	(24		)	131			(2,502		)
Operating expenses	1,021			168			(25		)	1,164			(40		)	131			1,255
Profit (loss) before tax	$	(3,524	)	$	(249	)	$	—		$	(3,773	)	$	16		$	—		$	(3,757	)
Intersegment revenues	70			(45		)	(25		)	—			—			—			—
Depreciation and amortization	1			14			—			15			8			(4		)	19
Expenditures for long-lived assets	—			4			—			4			—			—			4
Balances at end of period:
Customer loans (Receivables)	$	48,075		$	60		$	—		$	48,135		$	(162	)	$	(61	)	$	47,912
Assets	46,859			6,671			—			53,530			(2,974		)	110			50,666
Year Ended December 31, 2010:
Net interest income	$	2,326		$	743		$	—		$	3,069		$	(261	)	$	(772	)	$	2,036
Other operating income (Total other revenues)	(30		)	(328		)	(22		)	(380		)	(69		)	933			484
Total operating income (loss)	2,296			415			(22		)	2,689			(330		)	161			2,520
Loan impairment charges (Provision for credit losses)	5,692			(5		)	—			5,687			(341		)	—			5,346
	(3,396		)	420			(22		)	(2,998		)	11			161			(2,826		)
Operating expenses	883			110			(22		)	971			44			161			1,176
Profit (loss) before tax	$	(4,279	)	$	310		$	—		$	(3,969	)	$	(33	)	$	—		$	(4,002	)
Intersegment revenues	73			(51		)	(22		)	—			—			—			—
Depreciation and amortization	2			17			—			19			3			—			22
Expenditures for long-lived assets	—			10			—			10			—			—			10
Balances at end of period:
Customer loans (Receivables)	$	56,725		$	2,250		$	—		$	58,975		$	(270	)	$	(2,249	)	$	56,456
Assets	57,531			10,282			—			67,813			(3,408		)	(60		)	64,345

⁽¹⁾  Eliminates intersegment revenues.

⁽²⁾  IFRS Adjustments, which have been described more fully above, consist of the following:

	Net Interest Income			Other Revenues			Provision For Credit Losses			Total Costs and Expenses			Profit (Loss) Before Tax			Receivables			Total Assets
	(in millions)
Year Ended December 31, 2012:
Derivatives and hedge accounting	$	15		$	—		$	—		$	—		$	15		$	—		$	(4	)
Purchase accounting	(5		)	3			14			—			(16		)	19			46
Deferred loan origination costs and premiums	(15		)	(5		)	—			—			(20		)	125			70
Credit loss impairment provisioning	(535		)	(14		)	15			—			(564		)	(222		)	(533		)
Loans held for resale	4			(1,523		)	(361		)	5			(1,162		)	(4,487		)	(768		)
Interest recognition	34			—			—			—			34			8			16
Other	2			(70		)	—			39			(108		)	—			(1,901		)
Total	$	(500	)	$	(1,609	)	$	(332	)	$	44		$	(1,821	)	$	(4,557	)	$	(3,074	)
Year Ended December 31, 2011:
Derivatives and hedge accounting	$	5		$	—		$	—		$	—		$	5		$	—		$	—
Goodwill and intangible assets	—			—			—			—			—			—			(111		)
Purchase accounting	(4		)	32			14			—			14			21			57
Deferred loan origination costs and premiums	(30		)	—			—			—			(30		)	143			83
Credit loss impairment provisioning	(499		)	—			(506		)	—			7			(300		)	(170		)
Loans held for resale	6			—			—			—			6			(36		)	(23		)
Interest recognition	(2		)	—			—			—			(2		)	10			(6		)
Other	2			(29		)	(3		)	(40		)	16			—			(2,804		)
Total	$	(522	)	$	3		$	(495	)	$	(40	)	$	16		$	(162	)	$	(2,974	)
Year Ended December 31, 2010:
Derivatives and hedge accounting	$	12		$	—		$	—		$	—		12			$	—		$	—
Goodwill and intangible assets	—			—			—			5			(5		)	—			—
Purchase accounting	2			(10		)	23			—			(31		)	(7		)	48
Deferred loan origination costs and premiums	(68		)	—			—			—			(68		)	175			102
Credit loss impairment provisioning	(213		)	—			(369		)	—			156			(413		)	(175		)
Loans held for resale	8			3			3			—			8			(42		)	(27		)
Interest recognition	(2		)	—			—			5			(7		)	17			(5		)
Other	—			(62		)	2			34			(98		)	—			(3,351		)
Total	$	(261	)	$	(69	)	$	(341	)	$	44		$	(33	)	$	(270	)	$	(3,408	)

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

Detail of IFRS adjustments to US GAAP

	Net Interest Income			Other Revenues			Provision For Credit Losses			Total Costs and Expenses			Profit (Loss) Before Tax			Receivables			Total Assets
	(in millions)
Year Ended December 31, 2012:
Derivatives and hedge accounting	$	15		$	—		$	—		$	—		$	15		$	—		$	(4	)
Purchase accounting	(5		)	3			14			—			(16		)	19			46
Deferred loan origination costs and premiums	(15		)	(5		)	—			—			(20		)	125			70
Credit loss impairment provisioning	(535		)	(14		)	15			—			(564		)	(222		)	(533		)
Loans held for resale	4			(1,523		)	(361		)	5			(1,162		)	(4,487		)	(768		)
Interest recognition	34			—			—			—			34			8			16
Other	2			(70		)	—			39			(108		)	—			(1,901		)
Total	$	(500	)	$	(1,609	)	$	(332	)	$	44		$	(1,821	)	$	(4,557	)	$	(3,074	)
Year Ended December 31, 2011:
Derivatives and hedge accounting	$	5		$	—		$	—		$	—		$	5		$	—		$	—
Goodwill and intangible assets	—			—			—			—			—			—			(111		)
Purchase accounting	(4		)	32			14			—			14			21			57
Deferred loan origination costs and premiums	(30		)	—			—			—			(30		)	143			83
Credit loss impairment provisioning	(499		)	—			(506		)	—			7			(300		)	(170		)
Loans held for resale	6			—			—			—			6			(36		)	(23		)
Interest recognition	(2		)	—			—			—			(2		)	10			(6		)
Other	2			(29		)	(3		)	(40		)	16			—			(2,804		)
Total	$	(522	)	$	3		$	(495	)	$	(40	)	$	16		$	(162	)	$	(2,974	)
Year Ended December 31, 2010:
Derivatives and hedge accounting	$	12		$	—		$	—		$	—		12			$	—		$	—
Goodwill and intangible assets	—			—			—			5			(5		)	—			—
Purchase accounting	2			(10		)	23			—			(31		)	(7		)	48
Deferred loan origination costs and premiums	(68		)	—			—			—			(68		)	175			102
Credit loss impairment provisioning	(213		)	—			(369		)	—			156			(413		)	(175		)
Loans held for resale	8			3			3			—			8			(42		)	(27		)
Interest recognition	(2		)	—			—			5			(7		)	17			(5		)
Other	—			(62		)	2			34			(98		)	—			(3,351		)
Total	$	(261	)	$	(69	)	$	(341	)	$	44		$	(33	)	$	(270	)	$	(3,408	)