Finance Receivables Finance Receivables (Tables)

6 Months Ended

Jun. 30, 2013

Financing Receivable, Recorded Investment [Line Items]

Allowance for Loan Losses - Commercial Loans [Table Text Block]

A summary of the activity in the allowance for commercial loan losses is as follows (in millions):

	Three Months Ended
	June 30, 2013
	North America		International		Total
Balance at beginning of period	$	11			$	11
Provision for loan losses	1		$	11	12
Recoveries			1		1
Balance at end of period	$	12	$	12	$	24

	Six Months Ended
	June 30, 2013
	North America		International		Total
Balance at beginning of period	$	6			$	6
Provision for loan losses	6		$	11	17
Recoveries			1		1
Balance at end of period	$	12	$	12	$	24

Financing Receivable Credit Quality Indicators for Commercial Lending [Table Text Block]

A summary of the credit risk profile by dealer grouping of the commercial finance receivables is as follows (in millions):

	June 30, 2013		December 31, 2012
Group I	$	287	$	99
Group II	972		278
Group III	2,257		171
Group IV	928		12
Group V	513
Group VI	4
	$	4,961	$	560

Credit Impaired Finance Receivables [Table Text Block]

The following table provides information related to the credit-impaired consumer finance receivables acquired with the international operations on the applicable acquisition dates (in millions):

Contractually required payments receivable:	$	1,956
Cash flows expected to be collected:	$	1,818
Fair value:	$	1,569

Finance Receivables Summary - Post Acquisition Receivables [Table Text Block]

Following is a summary of activity in our post-acquisition consumer finance receivables portfolio (in millions):

	Three Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Post-acquisition consumer finance receivables, net of fees - beginning of period	$	9,432					$	9,432		$	6,326
International operations acquisition				$	5,422		5,422
Loans purchased	1,351			1,117			2,468			1,489
Charge-offs	(116		)				(116		)	(53		)
Principal collections and other	(720		)	(594		)	(1,314		)	(422		)
Foreign currency translation				(12		)	(12		)
Balance at end of period	$	9,947		$	5,933		$	15,880		$	7,340

	Six Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Post-acquisition consumer finance receivables, net of fees - beginning of period	$	8,831					$	8,831		$	5,314
International operations acquisition				$	5,422		5,422
Loans purchased	2,710			1,117			3,827			2,885
Charge-offs	(248		)				(248		)	(104		)
Principal collections and other	(1,346		)	(594		)	(1,940		)	(755		)
Foreign currency translation				(12		)	(12		)
Balance at end of period	$	9,947		$	5,933		$	15,880		$	7,340

Finance Receivables Summary - Post-acquisition - Commercial [Table Text Block]

Following is a summary of activity in our post-acquisition commercial finance receivables portfolio (in millions):

	Three Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Post-acquisition commercial finance receivables, net of fees - beginning of period	$	883					$	883
International operations acquisition				$	3,990		3,990
Loans funded	1,334			6,024			7,358			$	174
Principal collections and other	(1,048		)	(6,199		)	(7,247		)	(46		)
Foreign currency translation				(23		)	(23		)
Balance at end of period	$	1,169		$	3,792		$	4,961		$	128

	Six Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Post-acquisition commercial finance receivables, net of fees - beginning of period	$	560					$	560
International operations acquisition				$	3,990		3,990
Loans funded	2,374			6,024			8,398			$	174
Principal collections and other	(1,765		)	(6,199		)	(7,964		)	(46		)
Foreign currency translation				(23		)	(23		)
Balance at end of period	$	1,169		$	3,792		$	4,961		$	128

Finance receivables, net [Table Text Block]

inance receivables portfolio consists of the following (in millions):

	June 30, 2013									December 31, 2012
	North America			International			Total			North America
Consumer
Pre-acquisition consumer finance receivables - outstanding balance	$	1,432		$	1,305		$	2,737		$	2,162
Pre-acquisition consumer finance receivables - carrying value	$	1,279		$	1,272		$	2,551		$	1,958
Post-acquisition consumer finance receivables, net of fees	9,947			5,933			15,880			8,831
	11,226			7,205			18,431			10,789
Less: allowance for loan losses	(415		)	(8		)	(423		)	(345		)
Total consumer finance receivables, net	10,811			7,197			18,008			10,444
Commercial
Post-acquisition commercial finance receivables, collectively evaluated for impairment, net of fees	1,165			3,792			4,957			560
Post-acquisition commercial finance receivables, individually evaluated for impairment, net of fees	4						4
Less: allowance for loan losses - collective	(10		)	(12		)	(22		)	(6		)
Less: allowance for loan losses - specific	(2		)				(2		)
Total commercial finance receivables, net	1,157			3,780			4,937			554
Total finance receivables, net	$	11,968		$	10,977		$	22,945		$	10,998

Finance Receivables Summary [Table Text Block]

Following is a summary of activity in our pre-acquisition consumer finance receivables portfolio (in millions):

	Three Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Pre-acquisition consumer finance receivables - outstanding balance, beginning of period	$	1,759					$	1,759		$	3,675
Pre-acquisition consumer finance receivables - carrying value, beginning of period	$	1,580					$	1,580		$	3,358
International operations acquisition				$	1,569		1,569
Principal collections and other	(292		)	(264		)	(556		)	(509		)
Change in carrying value adjustment	(9		)	8			(1		)	(37		)
Foreign currency translation				(41		)	(41		)
Balance at end of period	$	1,279		$	1,272		$	2,551		$	2,812

	Six Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Pre-acquisition consumer finance receivables - outstanding balance, beginning of period	$	2,162					$	2,162		$	4,366
Pre-acquisition consumer finance receivables - carrying value, beginning of period	$	1,958					$	1,958		$	4,027
International operations acquisition				$	1,569		1,569
Principal collections and other	(641		)	(264		)	(905		)	(1,096		)
Change in carrying value adjustment	(38		)	8			(30		)	(119		)
Foreign currency translation				(41		)	(41		)
Balance at end of period	$	1,279		$	1,272		$	2,551		$	2,812

Accretable Yield [Table Text Block]

A summary of the activity in the accretable yield on the pre-acquisition consumer finance receivables portfolios is as follows (in millions):

	Three Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Balance at beginning of period	$	371					$	371		$	768
International operations acquisition				$	249		249
Accretion of accretable yield	(79		)	(53		)	(132		)	(143		)
Transfer from non-accretable difference	6						6			3
Foreign currency translation				(12		)	(12		)
Balance at end of period	$	298		$	184		$	482		$	628

	Six Months Ended
	June 30,
	2013									2012
	North America			International			Total			North America
Balance at beginning of period	$	404					$	404		$	737
International operations acquisition				$	249		249
Accretion of accretable yield	(160		)	(53		)	(213		)	(279		)
Transfer from non-accretable difference	54						54			170
Foreign currency translation				(12		)	(12		)
Balance at end of period	$	298		$	184		$	482		$	628

Allowance for Credit Losses on Financing Receivables [Table Text Block]

A summary of the activity in the allowance for consumer loan losses is as follows (in millions):

	Three Months Ended
	June 30,
	2013								2012
	North America			International		Total			North America
Balance at beginning of period	$	382				$	382		$	208
Provision for loan losses	80			$	8	88			62
Charge-offs	(116		)			(116		)	(53		)
Recoveries	69					69			32
Balance at end of period	$	415		$	8	$	423		$	249

	Six Months Ended
	June 30,
	2013								2012
	North America			International		Total			North America
Balance at beginning of period	$	345				$	345		$	179
Provision for loan losses	169			$	8	177			110
Charge-offs	(248		)			(248		)	(104		)
Recoveries	149					149			64
Balance at end of period	$	415		$	8	$	423		$	249

Past Due Financing Receivables [Table Text Block]

A consumer account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. Consumer finance receivables are collateralized by vehicle titles and we have the right to repossess the vehicle in the event the consumer defaults on the payment terms of the contract. The following is a summary of the contractual amounts of consumer finance receivables, which is not materially different than recorded investment, that are (i) more than 30 days delinquent, not yet in repossession, and (ii) in repossession, but not yet charged off (dollars in millions):

	June 30,
	2013								2012
	North America		International		Total		Percent of Contractual Amount Due		North America		Percent of Contractual Amount Due
31 - 60 days	$	601	$	44	$	645	3.4	%	$	428	4.1	%
Greater - than 60 days	208		45		253		1.4		158		1.5
	809		89		898		4.8		586		5.6
In repossession	31		4		35		0.2		25		0.3
	$	840	$	93	$	933	5.0	%	$	611	5.9	%