Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2013

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Finance receivables, net [Table Text Block]

The total finance receivables portfolio consists of the following (in millions): 

	December 31, 2013									December 31, 2012
	North America			International			Total			North America
Consumer
Pre-acquisition consumer finance receivables - outstanding balance	$	931		$	363		$	1,294		$	2,162
Pre-acquisition consumer finance receivables - carrying value	$	826		$	348		$	1,174		$	1,958
Post-acquisition consumer finance receivables, collectively evaluated for impairment, net of fees(a)	9,795			11,394			21,189			8,603
Post-acquisition consumer finance receivables, individually evaluated for impairment, net of fees	767			—			767			228
	11,388			11,742			23,130			10,789
Less: allowance for loan losses - collective	(365		)	(29		)	(394		)	(313		)
Less: allowance for loan losses - specific	(103		)	—			(103		)	(32		)
Total consumer finance receivables, net	10,920			11,713			22,633			10,444
Commercial
Commercial finance receivables, collectively evaluated for impairment, net of fees	1,975			4,627			6,602			560
Commercial finance receivables, individually evaluated for impairment, net of fees	—			98			98			—
	1,975			4,725			6,700			560
Less: allowance for loan losses - collective	(17		)	(27		)	(44		)	(6		)
Less: allowance for loan losses - specific	—			(7		)	(7		)	—
Total commercial finance receivables, net	1,958			4,691			6,649			554
Total finance receivables, net	$	12,878		$	16,404		$	29,282		$	10,998

Finance Receivables Summary [Table Text Block]

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

	Years Ended December 31,
	2013									2012			2011
	North America			International			Total			North America			North America
Pre-acquisition consumer finance receivables - outstanding balance, beginning of period	$	2,162		$	—		$	2,162		$	4,366		$	7,724
Pre-acquisition consumer finance receivables - carrying value, beginning of period	$	1,958		$	—		$	1,958		$	4,027		$	7,300
International operations acquisition	—			601			601			—			—
Principal collections and other	(1,078		)	(270		)	(1,348		)	(1,899		)	(2,790		)
Change in carrying value adjustment	(54		)	56			2			(170		)	(483		)
Foreign currency translation	—			(39		)	(39		)	—			—
Balance at end of period	$	826		$	348		$	1,174		$	1,958		$	4,027

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	$	799
Cash flows expected to be collected	$	728
Fair value	$	601

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):

	Years Ended December 31,
	2013									2012			2011
	North America			International			Total			North America			North America
Balance at beginning of period	$	404		$	—		$	404		$	737		$	1,201
International operations acquisition	—			127			127			—			—
Accretion of accretable yield	(278		)	(64		)	(342		)	(503		)	(725		)
Transfer from non-accretable difference	55			19			74			170			261
Foreign currency translation	—			(8		)	(8		)	—			—
Balance at end of period	$	181		$	74		$	255		$	404		737

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):

	Years Ended December 31,
	2013									2012			2011
	North America			International			Total			North America			North America
Post-acquisition consumer finance receivables, net of fees - beginning of period	$	8,831		$	—		$	8,831		$	5,314		$	924
International operations acquisition	—			9,709			9,709			—			—
Loans purchased	5,126			4,471			9,597			5,579			5,085
Charge-offs	(584		)	(54		)	(638		)	(304		)	(66		)
Principal collections and other	(2,811		)	(2,886		)	(5,697		)	(1,758		)	(629		)
Change in carrying value adjustment	—			14			14			—			—
Foreign currency translation	—			140			140			—			—
Balance at end of period	$	10,562		$	11,394		$	21,956		$	8,831		$	5,314

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):

	Years Ended December 31,
	2013									2012			2011
	North America			International			Total			North America			North America
Balance at beginning of period	$	345		$	—		$	345		$	179		$	26
Provision for loan losses	380			52			432			298			178
Charge-offs	(584		)	(54		)	(638		)	(304		)	(66		)
Recoveries	327			29			356			172			41
Foreign currency translation	—			2			2			—			—
Balance at end of period	$	468		$	29		$	497		$	345		$	179

Financing Receivable Credit Quality Indicators [Table Text Block]

A summary of the credit risk profile by FICO score band, determined at origination, of the consumer finance receivables in the North America Segment is as follows (dollars in millions):

	December 31, 2013				December 31, 2012
	Amount		Percent		Amount		Percent
FICO Score less than 540	$	3,511	30.6	%	$	3,011	27.4	%
FICO Score 540 to 599	5,435		47.3		5,014		45.6
FICO Score 600 to 659	2,277		19.8		2,513		22.9
FICO Score 660 and greater	270		2.3		455		4.1
Balance at end of period(a)	$	11,493	100.0	%	$	10,993	100.0	%

_________________ 

(a) Balance at the end of the period is the sum of pre-acquisition consumer finance receivables-outstanding balance and post-acquisition consumer finance receivables, net of fees for North America Segment.

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):

	December 31, 2013								December 31, 2012
	North America		International		Total				North America
	Amount		Amount		Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31 - 60 days	$	858	$	94	$	952	4.1	%	$	672	6.1	%
Greater than 60 days	296		112		408		1.7		230		2.1
	1,154		206		1,360		5.8		902		8.2
In repossession	38		3		41		0.2		31		0.3
	$	1,192	$	209	$	1,401	6.0	%	$	933	8.5	%

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The outstanding recorded investment for consumer finance receivables that are considered to be TDRs and the related allowance is presented below (in millions):

	December 31, 2013			December 31, 2012
Outstanding recorded investment	$	767		$	228
Less: allowance for loan losses	(103		)	(32		)
Outstanding recorded investment, net of allowance	$	664		$	196
Unpaid principal balance	$	779		$	232

Finance charge income from loans classified as TDRs is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not classified as TDRs. Additional information about loans classified as TDRs is presented below (in millions):

	Years Ended December 31,
	2013		2012
Average recorded investment	$	487	$	102
Interest income recognized	$	70	$	11

The following table provides information on consumer loans at the time they became classified as TDRs (dollars in millions):

	December 31, 2013			December 31, 2012
	Number of Accounts	Amount		Number of Accounts	Amount
Recorded investment	38,196	$	643	12,882	$	243

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

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

	Years Ended December 31,
	2013									2012
	North America			International			Total			North America
Commercial finance receivables, net of fees - beginning of period	$	560		$	—		$	560		$	—
International operations acquisition	—			4,834			4,834			—
Loans funded	5,967			22,005			27,972			1,227
Principal collections and other	(4,543		)	(22,251		)	(26,794		)	(667		)
Charge-offs	(2		)	(3		)	(5		)	—
Foreign currency translation	(7		)	140			133			—
Balance at end of period	$	1,975		$	4,725		$	6,700		$	560

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):

	Years Ended December 31,
	2013									2012
	North America			International			Total			North America
Balance at beginning of period	$	6		$	—		$	6		$	—
Provision for loan losses	13			30			43			6
Recoveries	—			6			6			—
Charge-offs	(2		)	(3		)	(5		)	—
Foreign currency translation	—			1			1			—
Balance at end of period	$	17		$	34		$	51		$	6

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):

		December 31, 2013		December 31, 2012
Group I -	Dealers with strong to superior financial metrics	$	598	$	99
Group II -	Dealers with fair to favorable financial metrics	1,588		278
Group III -	Dealers with marginal to weak financial metrics	2,174		171
Group IV -	Dealers with poor financial metrics	1,622		12
Group V -	Dealers warranting special mention due to potential weaknesses	488		—
Group VI -	Dealers with loans classified as substandard, doubtful or impaired	230		—
Balance at end of period		$	6,700	$	560