Transfers of Receivables (Tables)

12 Months Ended

Dec. 31, 2012

Transfers and Servicing [Abstract]

Schedule of Assets and Liabilities Related to Securitization Transactions [Table Text Block]

The following tables show the assets and debt related to our securitization transactions that were included in our financial statements (in billions):

	December 31, 2012
	Cash and Cash Equivalents		Finance Receivables and Net Investment in Operating Leases (a)						Related Debt
			Before Allowance for Credit Losses		Allowance for Credit Losses		After Allowance for Credit Losses
VIE (b)
Retail (c)	$	2.2	$	26.9	$	0.2	$	26.7	$	23.2
Wholesale	0.3		20.5		—		20.5		12.8
Finance receivables	2.5		47.4		0.2		47.2		36.0
Net investment in operating leases	0.4		6.3		—		6.3		4.2
Total VIE	$	2.9	$	53.7	$	0.2	$	53.5	$	40.2
Non-VIE
Retail (c)	$	0.1	$	2.4	$	—	$	2.4	$	2.2
Wholesale	—		1.1		—		1.1		1.0
Finance receivables	0.1		3.5		—		3.5		3.2
Net investment in operating leases	—		—		—		—		—
Total Non-VIE	$	0.1	$	3.5	$	—	$	3.5	$	3.2
Total securitization transactions
Retail (c)	$	2.3	$	29.3	$	0.2	$	29.1	$	25.4
Wholesale	0.3		21.6		—		21.6		13.8
Finance receivables	2.6		50.9		0.2		50.7		39.2
Net investment in operating leases	0.4		6.3		—		6.3		4.2
Total securitization transactions	$	3.0	$	57.2	$	0.2	$	57.0	$	43.4

__________

(a) Unearned interest supplements are excluded from securitization transactions.

(b) Includes assets to be used to settle the liabilities of the consolidated VIEs.

(c) Includes direct financing leases.

NOTE 6. TRANSFERS OF RECEIVABLES (Continued)

	December 31, 2011
	Cash and Cash Equivalents		Finance Receivables and Net Investment in Operating Leases (a)						Related Debt
			Before Allowance for Credit Losses		Allowance for Credit Losses		After Allowance for Credit Losses
VIE (b)
Retail (c)	$	2.5	$	31.7	$	0.3	$	31.4	$	26.0
Wholesale	0.5		17.9		—		17.9		11.2
Finance receivables	3.0		49.6		0.3		49.3		37.2
Net investment in operating leases	0.4		6.4		—		6.4		4.2
Total VIE	$	3.4	$	56.0	$	0.3	$	55.7	$	41.4
Non-VIE
Retail (c)	$	0.3	$	4.3	$	—	$	4.3	$	3.8
Wholesale	—		1.9		—		1.9		1.5
Finance receivables	0.3		6.2		—		6.2		5.3
Net investment in operating leases	—		—		—		—		—
Total Non-VIE	$	0.3	$	6.2	$	—	$	6.2	$	5.3
Total securitization transactions
Retail (c)	$	2.8	$	36.0	$	0.3	$	35.7	$	29.8
Wholesale	0.5		19.8		—		19.8		12.7
Finance receivables	3.3		55.8		0.3		55.5		42.5
Net investment in operating leases	0.4		6.4		—		6.4		4.2
Total securitization transactions	$	3.7	$	62.2	$	0.3	$	61.9	$	46.7

__________

(a) Unearned interest supplements are excluded from securitization transactions.

(b) Includes assets to be used to settle the liabilities of the consolidated VIEs.

(c) Includes direct financing leases.

Schedule Of Financial Performance Of Securitization Transactions [Table Text Block]

Interest expense related to securitization debt for the years ended December 31 was as follows (in millions):

	2012		2011		2010
VIE	$	760	$	994	$	1,247
Non-VIE	94		142		224
Total securitization transactions	$	854	$	1,136	$	1,471

Schedule of Exposures Based on the Fair Value of Derivative Instruments Related to Securitization Programs [Table Text Block]

Our exposures based on the fair value of derivative instruments with external counterparties related to securitization programs were as follows (in millions):

	December 31, 2012				December 31, 2011
	Derivative Asset		Derivative Liability		Derivative Asset		Derivative Liability
Derivatives of the VIEs	$	4	$	134	$	157	$	97
Derivatives related to the VIEs	74		63		81		63
Other securitization related derivatives	11		22		12		25
Total exposures related to securitization	$	89	$	219	$	250	$	185

Schedule of Derivative Expense/(Income) Related to Securitization Transactions [Table Text Block]

Derivative expense/(income) related to our securitization transactions for the years ended December 31 was as follows (in millions):

	2012			2011		2010
VIEs	$	227		$	31	$	225
Related to the VIEs	(5		)	11		(73		)
Other securitization related derivatives	17			19		15
Total derivative expense/(income) related to securitization	$	239		$	61	$	167