Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results Of Discontinued Operations

The following table summarizes the operating results of our discontinued Insurance business for the periods presented:



Year Ended December 31,	2014		2013			2012
	(in millions)
Net interest income and other revenues⁽¹⁾⁽²⁾	$	—	$	70		$	167
Income (loss) from discontinued operations before income tax⁽²⁾	—		(10		)	(162		)

⁽¹⁾

Interest expense, which is included as a component of net interest income, was allocated to discontinued operations in accordance with our existing internal transfer pricing policy. This policy uses match funding based on the expected lives of the assets and liabilities of the business at the time of origination, subject to periodic review, as demonstrated by the expected cash flows and re-pricing characteristics of the underlying assets.


⁽²⁾	For the year ended December 31, 2012, amounts include the lower of amortized cost or fair value adjustment of $119 million, as discussed above, which was reported as a component of other revenues within discontinued operations.

Commercial Business [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results Of Discontinued Operations

The following table summarizes the operating results of our discontinued Commercial business for the periods presented:



Year Ended December 31,	2014		2013		2012
	(in millions)
Net interest income and other revenues	$	10	$	22	$	23
Income from discontinued operations before income tax	6		14		20

Card and Retail Services [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Operating Results Of Discontinued Operations

The following table summarizes the operating results of our discontinued Card and Retail Services business for the periods presented:



Year Ended December 31,	2014			2013			2012
	(in millions)
Net interest income and other revenues⁽¹⁾⁽²⁾	$	—		$	1		$	3,342
Income (loss) from discontinued operations before income tax⁽²⁾⁽³⁾	(33		)	(253		)	2,649

⁽¹⁾


⁽²⁾	For 2012, amounts include the gain on sale to Capital One of $2,178 million. For 2012, amounts also include a gain of $79 million resulting from the sale of account relationships to HSBC Bank USA which we had previously purchased from HSBC Bank USA in July 2004.

⁽³⁾

For 2014 and 2013, the amounts include expenses related to activities to complete the separation of the credit card operational infrastructure between us and Capital One. We expect costs associated with the separation of the credit card operational infrastructure to continue in 2015. Additionally, 2014 and 2013 include an incremental expense of $7 million and $87 million recorded based on actions taken and actions planned to be taken in connection with an industry review of enhancement services products. For 2013, amounts also reflect a legal accrual of $40 million. See Note 22, "Litigation and Regulatory Matters," for further discussion of the legal matter.