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Condensed Consolidated Statement Of Income (USD $)
In Millions, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Financing revenue and other interest income    
Interest and fees on finance receivables and loans$ 1,682$ 1,656$ 4,981$ 4,891
Interest on loans held-for-sale113153319524
Interest on trading securities451012
Interest and dividends on available-for-sale investment securities10386315275
Interest-bearing cash14224154
Operating leases5498551,8493,029
Total financing revenue and other interest income2,4652,7777,5158,785
Interest expense    
Interest on deposits184172531485
Interest on short-term borrowings98110332320
Interest on long-term debt1,2971,4514,0414,293
Total interest expense1,5791,7334,9045,098
Depreciation expense on operating lease assets2964547731,636
Net financing revenue5905901,8382,051
Other revenue    
Servicing fees3514041,0751,173
Servicing asset valuation and hedge activities, net(471)(27)(663)(181)
Total servicing income, net(120)377412992
Insurance premiums and service revenue earned4224701,2881,415
Gain on mortgage and automotive loans, net83326290863
Loss on extinguishment of debt (2)(64)(123)
Other gain on investments, net75100251355
Other income, net of losses141186610441
Total other revenue6011,4572,7873,943
Total net revenue1,1912,0474,6255,994
Provision for loan losses499213371
Noninterest expense    
Compensation and benefits expense3033921,1611,206
Insurance losses and loss adjustment expenses190229620664
Other operating expenses7721,0922,4602,806
Total noninterest expense1,2651,7134,2414,676
(Loss) income from continuing operations before income tax expense(123)325171947
Income tax expense from continuing operations8748101117
Net (loss) income from continuing operations(210)27770830
(Loss) income from discontinued operations, net of tax (8)(21)166
Net (loss) income(210)26949996
Net (loss) income attributable to common shareholders    
Net (loss) income from continuing operations(210)27770830
Preferred stock dividends - U.S. Department of Treasury(133)(257)(400)(643)
Preferred stock dividends(67)(70)(194)(212)
Impact of preferred stock amendment  32 
Net loss from continuing operations attributable to common shareholders (a)(410)[1](50)[1](492)[1](25)[1]
(Loss) income from discontinued operations, net of tax (8)(21)166
Net (loss) income attributable to common shareholders$ (410)$ (58)$ (513)$ 141
Basic weighted-average common shares outstanding1,330,970799,1201,330,970799,120
Diluted weighted-average common shares outstanding (a)1,330,970[1]799,120[1]1,330,970[1]799,120[1]
Basic earnings per common share    
Net loss from continuing operations$ (308)$ (63)$ (370)$ (31)
(Loss) income from discontinued operations, net of tax $ (10)$ (16)$ 208
Net (loss) income$ (308)$ (73)$ (386)$ 177
Diluted earnings per common share (a)    
Net loss from continuing operations$ (308)$ (63)$ (370)$ (31)
(Loss) income from discontinued operations, net of tax $ (10)$ (16)$ 208
Net (loss) income$ (308)$ (73)$ (386)$ 177
[1]Due to the antidilutive effect of converting the Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares and the net loss attributable to common shareholders for the three and nine months ended September 30, 2011 and and the three months ended September 30, 2010, income attributable to common shareholders and basic weighted-average common shares outstanding were used to calculate basic and diluted earnings per share.