Variable Interest Entities

Securitizations and credit facilities

The following table summarizes the assets and liabilities related to our consolidated VIEs (in millions):



	December 31,
	2015		2014
Restricted cash	$	1,876	$	1,721
Finance receivables, net	$	24,942	$	23,109
Lease related assets	$	11,684	$	4,595
Secured debt	$	29,386	$	22,794

These amounts are related to securitization and credit facilities held by consolidated VIEs. Liabilities recognized as a result of consolidating these entities generally do not represent claims against us or our other subsidiaries and assets recognized generally are for the benefit of these entities operations and cannot be used to satisfy our or our subsidiaries obligations.

Other VIEs

We consolidate certain operating entities that provide auto finance and financial services, which we do not control through a majority voting interest. We manage these entities and maintain a controlling financial interest in them and are exposed to the risks of ownership through contractual arrangements. The majority voting interests in these entities are indirectly wholly-owned by our parent, GM.

The following table summarizes the assets and liabilities of these entities (in millions):



	December 31, 2015		December 31, 2014
Assets^(a)	$	3,652	$	3,696
Liabilities^(b)	$	2,941	$	3,184

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(a)	Comprised primarily of finance receivables of $3.2 billion and $3.6 billion at December 31, 2015 and 2014.


(b)	Comprised primarily of debt of $2.6 billion and $2.5 billion at December 31, 2015 and 2014.

The following table summarizes the revenue and net income of these entities (in millions):



	Year Ended December 31,
	2015		2014
Total revenue	$	191	$	192
Net income	$	29	$	28

Transfers of finance receivables to non-VIEs

Under certain debt agreements, we transfer finance receivables to entities which are not considered VIEs. These transfers do not meet the criteria to be considered sales; therefore, the finance receivables and the related debt are included in our consolidated financial statements, similar to the treatment of finance receivables and related debt of our consolidated VIEs. Any collections received on the transferred receivables are available only for the repayment of the related debt. At December 31, 2015 and 2014, $1.5 billion and $2.5 billion in finance receivables had been transferred in secured funding arrangements to third-party banks, to which $1.4 billion and $2.4 billion in secured debt was outstanding.