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

3 Months Ended

Mar. 31, 2014

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

Discontinued Operations

Financial Information for Discontinued Operations
	Three months ended March 31
(In millions)	2014		2013
Operations
Total revenues (loss)	$	29	$	54
Earnings (loss) from discontinued operations
before income taxes	$	(14)	$	(142)
Benefit (provision) for income taxes		7		124
Earnings (loss) from discontinued operations,
net of taxes	$	(7)	$	(18)
Disposal
Gain (loss) on disposal before income taxes	$	18	$	(187)
Benefit (provision) for income taxes		1		85
Gain (loss) on disposal, net of taxes	$	19	$	(102)
Earnings (loss) from discontinued operations,
net of taxes	$	12	$	(120)

(In millions)	March 31, 2014		December 31, 2013
Assets
Cash and equivalents	$	133	$	232
Financing receivables – net		1		711
Other		1,315		1,387
Assets of discontinued operations	$	1,449	$	2,330
Liabilities
Deferred income taxes	$	260	$	250
Other		862		3,540
Liabilities of discontinued operations	$	1,122	$	3,790

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

Rollforward of the Reserve
		Three months ended March 31
(In millions)	2014			2013
Balance, beginning of period	$	800	$	633
Provision		-		107
Claim resolutions		(250)		-
Balance, end of period	$	550	$	740