Transfers of Receivables (Tables)

3 Months Ended

Mar. 31, 2015

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):

	March 31, 2015
	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 financing	$	1.5	$	20.7	$	0.1	$	20.6	$	19.2
Wholesale financing	0.2		20.4		—		20.4		13.4
Finance receivables	1.7		41.1		0.1		41.0		32.6
Net investment in operating leases	0.6		10.1		—		10.1		6.8
Total VIE	$	2.3	$	51.2	$	0.1	$	51.1	$	39.4
Non-VIE
Retail financing	$	0.3	$	5.2	$	—	$	5.2	$	4.8
Wholesale financing	—		0.9		—		0.9		0.9
Finance receivables	0.3		6.1		—		6.1		5.7
Net investment in operating leases	—		—		—		—		—
Total Non-VIE	$	0.3	$	6.1	$	—	$	6.1	$	5.7
Total securitization transactions
Retail financing	$	1.8	$	25.9	$	0.1	$	25.8	$	24.0
Wholesale financing	0.2		21.3		—		21.3		14.3
Finance receivables	2.0		47.2		0.1		47.1		38.3
Net investment in operating leases	0.6		10.1		—		10.1		6.8
Total securitization transactions	$	2.6	$	57.3	$	0.1	$	57.2	$	45.1

__________

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

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

NOTE 5. TRANSFERS OF RECEIVABLES (Continued)

	December 31, 2014
	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 financing	$	1.4	$	18.8	$	0.1	$	18.7	$	17.3
Wholesale financing	0.3		20.8		—		20.8		13.3
Finance receivables	1.7		39.6		0.1		39.5		30.6
Net investment in operating leases	0.4		9.6		—		9.6		6.6
Total VIE	$	2.1	$	49.2	$	0.1	$	49.1	$	37.2
Non-VIE
Retail financing	$	0.3	$	5.6	$	—	$	5.6	$	5.2
Wholesale financing	—		1.0		—		1.0		0.9
Finance receivables	0.3		6.6		—		6.6		6.1
Net investment in operating leases	—		—		—		—		—
Total Non-VIE	$	0.3	$	6.6	$	—	$	6.6	$	6.1
Total securitization transactions
Retail financing	$	1.7	$	24.4	$	0.1	$	24.3	$	22.5
Wholesale financing	0.3		21.8		—		21.8		14.2
Finance receivables	2.0		46.2		0.1		46.1		36.7
Net investment in operating leases	0.4		9.6		—		9.6		6.6
Total securitization transactions	$	2.4	$	55.8	$	0.1	$	55.7	$	43.3

__________

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

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

Schedule Of Interest Expense related to Securitization Transactions [Table Text Block]

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

	First Quarter
	2015		2014
VIE	$	130	$	126
Non-VIE	23		21
Total securitization transactions	$	153	$	147

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):

	March 31, 2015				December 31, 2014
	Derivative Asset		Derivative Liability		Derivative Asset		Derivative Liability
Derivatives of the VIEs	$	68	$	38	$	27	$	22
Derivatives related to the VIEs	30		16		16		7
Other securitization related derivatives	1		5		5		1
Total exposures related to securitization	$	99	$	59	$	48	$	30

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

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

	First Quarter
	2015			2014
Derivatives of the VIEs	$	(24	)	$	20
Derivatives related to the VIEs	(5		)	(6		)
Other securitization related derivatives	13			4
Total derivative expense/(income) related to securitization	$	(16	)	$	18