Transfers of Receivables (Tables)

12 Months Ended

Dec. 31, 2017

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 at December 31 (in billions):

	2016
	Cash and Cash Equivalents		Finance Receivables and Net Investment in Operating Leases (a)						Related Debt (c)
			Before Allowance for Credit Losses		Allowance for Credit Losses		After Allowance for Credit Losses
VIE (b)
Retail financing	$	1.5	$	25.9	$	0.2	$	25.7	$	22.7
Wholesale financing	1.0		25.2		—		25.2		13.6
Finance receivables	2.5		51.1		0.2		50.9		36.3
Net investment in operating leases	0.5		11.8		—		11.8		7.4
Total VIE	$	3.0	$	62.9	$	0.2	$	62.7	$	43.7
Non-VIE
Retail financing	$	0.4	$	6.6	$	—	$	6.6	$	6.1
Wholesale financing	—		0.8		—		0.8		0.6
Finance receivables	0.4		7.4		—		7.4		6.7
Net investment in operating leases	—		—		—		—		—
Total Non-VIE	$	0.4	$	7.4	$	—	$	7.4	$	6.7
Total securitization transactions
Retail financing	$	1.9	$	32.5	$	0.2	$	32.3	$	28.8
Wholesale financing	1.0		26.0		—		26.0		14.2
Finance receivables	2.9		58.5		0.2		58.3		43.0
Net investment in operating leases	0.5		11.8		—		11.8		7.4
Total securitization transactions	$	3.4	$	70.3	$	0.2	$	70.1	$	50.4

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(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.

(c) Includes unamortized discount and debt issuance costs.

NOTE 7. TRANSFERS OF RECEIVABLES (Continued)

	2017
	Cash and Cash Equivalents		Finance Receivables and Net Investment in Operating Leases (a)						Related Debt (c)
			Before Allowance for Credit Losses		Allowance for Credit Losses		After Allowance for Credit Losses
VIE (b)
Retail financing	$	1.8	$	32.6	$	0.2	$	32.4	$	27.7
Wholesale financing	1.2		23.9		—		23.9		11.5
Finance receivables	3.0		56.5		0.2		56.3		39.2
Net investment in operating leases	0.5		11.5		—		11.5		7.2
Total VIE	$	3.5	$	68.0	$	0.2	$	67.8	$	46.4
Non-VIE
Retail financing	$	0.3	$	6.3	$	—	$	6.3	$	5.7
Wholesale financing	—		0.6		—		0.6		0.5
Finance receivables	0.3		6.9		—		6.9		6.2
Net investment in operating leases	—		—		—		—		—
Total Non-VIE	$	0.3	$	6.9	$	—	$	6.9	$	6.2
Total securitization transactions
Retail financing	$	2.1	$	38.9	$	0.2	$	38.7	$	33.4
Wholesale financing	1.2		24.5		—		24.5		12.0
Finance receivables	3.3		63.4		0.2		63.2		45.4
Net investment in operating leases	0.5		11.5		—		11.5		7.2
Total securitization transactions	$	3.8	$	74.9	$	0.2	$	74.7	$	52.6

__________

(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.

(c) Includes unamortized discount and debt issuance costs.

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

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

	2015		2016		2017
VIE	$	541	$	671	$	827
Non-VIE	89		102		128
Total securitization transactions	$	630	$	773	$	955

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 at December 31 were as follows (in millions):

	2016				2017
	Derivative Asset		Derivative Liability		Derivative Asset		Derivative Liability
Derivatives of the VIEs	$	25	$	5	$	64	$	2
Derivatives related to the VIEs	11		21		23		29
Other securitization related derivatives	21		1		34		—
Total exposures related to securitization	$	57	$	27	$	121	$	31

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):

	2015			2016			2017
Derivatives of the VIEs	$	(32	)	$	23		$	(38	)
Derivatives related to the VIEs	12			(4		)	(6		)
Other securitization related derivatives	18			10			(16		)
Total derivative expense / (income) related to securitization	$	(2	)	$	29		$	(60	)