Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations [Abstract]

Businesses held for sale

	June 30,		December 31,
(In millions)	2013		2012
Assets
Cash and equivalents	$	16	$	74
Financing receivables – net		109		47
Property, plant and equipment – net		0		31
All other		40		59
Assets of businesses held for sale	$	165	$	211
Liabilities
Short-term borrowings	$	0	$	138
All other		7		19
Liabilities of businesses held for sale	$	7	$	157

Discontinued Operations

	Three months ended June 30,				Six months ended June 30,
(In millions)	2013		2012		2013		2012
Operations
Total revenues (loss)	$	43	$	(245)	$	30	$	(144)
Earnings (loss) from discontinued operations before income taxes	$	(30)	$	(382)	$	(158)	$	(448)
Benefit (provision) for income taxes		21		123		142		157
Earnings (loss) from discontinued operations, net of taxes	$	(9)	$	(259)	$	(16)	$	(291)
Disposal
Gain (loss) on disposal before income taxes	$	(95)	$	(308)	$	(282)	$	(502)
Benefit (provision) for income taxes		(17)		14		68		43
Gain (loss) on disposal, net of taxes	$	(112)	$	(294)	$	(214)	$	(459)
Earnings (loss) from discontinued operations, net of taxes	$	(121)	$	(553)	$	(230)	$	(750)

	June 30,		December 31,
(In millions)	2013		2012
Assets
Cash and equivalents	$	95	$	102
Property, plant and equipment – net		511		699
All other		1,240		1,498
Assets of discontinued operations	$	1,846	$	2,299
Liabilities
Deferred income taxes	$	337	$	374
All other		2,042		2,007
Liabilities of discontinued operations	$	2,379	$	2,381

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

	Reserve					Pending claims
(In millions)	Three months ended June 30, 2013		Six months ended June 30, 2013		(In millions)	Three months ended June 30, 2013		Six months ended June 30, 2013
Reserve, beginning of period	$	740	$	633	Pending claims, beginning of period	$	6,210	$	5,357
Provision		47		154	New claims		125		978
Claim resolutions		0		0	Claim resolutions		0		0
Reserve, end of period	$	787	$	787	Pending claims, end of period	$	6,335	$	6,335