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Consolidated Statement of Income (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Financing Revenue and Other Interest Income [Abstract]                      
Interest and fees on finance receivables and loans                 $ 4,603 $ 4,409 $ 4,475
Interest on loans held-for-sale                 155 332 587
Interest on trading assets                 13 19 15
Interest and dividends on available-for-sale investment securities                 292 351 323
Interest-bearing cash                 26 21 34
Operating leases                 2,379 1,929 2,583
Total financing revenue and other interest income                 7,468 7,061 8,017
Interest Expense [Abstract]                      
Interest on deposits                 644 614 579
Interest on short-term borrowings                 90 116 141
Interest on long-term debt                 3,466 4,309 4,740
Total interest expense                 4,200 5,039 5,460
Depreciation expense on operating lease assets                 1,399 941 1,251
Net financing revenue (loss) 611 473 443 342 286 247 341 207 1,869 1,081 1,306
Other revenue [Abstract]                      
Servicing fees                 701 1,358 1,488
Servicing asset valuation and hedge activities, net                 (8) (789) (394)
Total servicing income, net                 693 569 1,094
Insurance premiums and service revenue earned                 1,059 1,170 1,371
Gain (loss) on mortgage and automotive loans, net                 532 470 1,239
Gain (loss) on extinguishment of debt                 (148) (64) (124)
Other gain (loss) on investments, net                 146 259 502
Other income, net of losses                 747 493 334
Total other revenue 481 774 762 1,012 812 385 873 827 3,029 2,897 4,416
Total net revenue (loss) 1,092 1,247 1,205 1,354 1,098 632 1,214 1,034 4,898 3,978 5,722
Provision for loan losses 92 105 34 98 (13) 57 59 85 329 188 357
Noninterest Expense [Abstract]                      
Compensation and benefits expense                 1,365 1,322 1,348
Insurance losses and loss adjustment expenses                 461 483 547
Other operating expenses                 3,498 2,936 3,078
Total noninterest expense 1,037 877 2,290 1,120 1,420 983 1,277 1,061 5,324 4,741 4,973
Income (loss) from continuing operations before income tax expense (37) 265 (1,119) 136 (309) (408) (122) (112) (755) (951) 392
Income tax expense (benefit) from continuing operations (1,337) 43 (8) 18 10 13 9 19 (1,284) 51 104
Net income (loss) from continuing operations 1,300 222 (1,111) 118 (319) (421) (131) (131) 529 (1,002) 288
Income (loss) from discontinued operations, net of tax 100 162 213 192 113 211 244 277 667 845 741
Net income (loss) 1,400 384 (898) 310 (206) (210) 113 146 1,196 (157) 1,029
Net income (loss) attributable to common shareholders [Abstract]                      
Net income (loss) from continuing operations 1,300 222 (1,111) 118 (319) (421) (131) (131) 529 (1,002) 288
Preferred stock dividends - U.S. Department of Treasury                 (535) (534) (963)
Preferred stock dividends                 (267) (260) (282)
Impact of preferred stock amendment                 0 [1] 32 [1] (616) [1]
Net income (loss) from continuing operations attributable to common shareholders                 (273) (1,764) (1,573)
Income (loss) from discontinued operations, net of tax 100 162 213 192 113 211 244 277 667 845 741
Net income (loss) attributable to common shareholders                 $ 394 $ (919) $ (832)
Basic weighted-average common shares outstanding                 1,330,970 1,330,970 800,597
Diluted weighted-average common shares outstanding                 1,330,970 [2] 1,330,970 [2] 800,597 [2]
Earnings Per Share, Basic [Abstract]                      
Net income (loss) from continuing operations, Per Basic Share $ 825 $ 16 $ (985) $ (62)         $ (205) $ (1,326) $ (1,965)
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share                 $ 501 $ 635 $ 926
Net (loss) income, Basic $ 901 $ 137 $ (825) $ 82         $ 296 $ (691) $ (1,039)
Earnings Per Share, Diluted [Abstract]                      
Net income (loss) from continuing operations, Per Diluted Share $ 647 $ 16 $ (985) $ (62)         $ (205) [2] $ (1,326) [2] $ (1,965) [2]
Income (loss) from discontinued operations, net of tax                 $ 501 [2] $ 635 [2] $ 926 [2]
Net (loss) income, Diluted $ 700 $ 137 $ (825) $ 82         $ 296 [2] $ (691) [2] $ (1,039) [2]
[1] Refer to Note 18 to the Consolidated Financial Statements for further detail.
[2] Due to the antidilutive effect of converting the Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares and the net loss from continuing operations attributable to common shareholders for 2012, 2011, and 2010, respectively, loss from continuing operations attributable to common shareholders and basic weighted-average common shares outstanding were used to calculate basic and diluted earnings per share.