Variable Interest Entities



Securitizations and credit facilities	September 30, 2016		December 31, 2015
Restricted cash	$	2,003	$	1,876
Finance receivables, net of fees	$	24,498	$	24,942
Lease related assets	$	18,243	$	11,684
Secured debt	$	34,217	$	29,386

These amounts are related to securitization and credit facilities held by consolidated VIEs. Our continuing involvement with these VIEs consists of servicing assets held by the entities and holding residual interests in the entities. We have determined that we are the primary beneficiary of each VIE because we hold both (i) the power to direct the activities of the VIEs that most significantly impact the VIEs' economic performance and (ii) the obligation to absorb losses from and the right to receive benefits of the VIEs that could potentially be significant to the VIEs. We are not required, and do not currently intend, to provide any additional financial support to these 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 amounts presented below are stated prior to intercompany eliminations and include amounts related to securitizations and credit facilities held by consolidated VIEs. The following table summarizes the assets and liabilities of these VIEs:



	September 30, 2016		December 31, 2015
Assets^(a)	$	4,617	$	3,652
Liabilities^(b)	$	3,881	$	2,941

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(a)	Comprised primarily of finance receivables, net of $3.6 billion and $3.2 billion at September 30, 2016 and December 31, 2015.


(b)	Comprised primarily of debt of $2.9 billion and $2.6 billion at September 30, 2016 and December 31, 2015.

The following table summarizes the revenue and net income of these VIEs:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Total revenue	$	51	$	41	$	159	$	122
Net income	$	4	$	6	$	20	$	25

Other transfers of finance receivables Under certain debt agreements, we transfer finance receivables to entities which we do not control through majority voting interest or through contractual arrangements. These transfers do not meet the criteria to be considered sales under U.S. GAAP; 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 September 30, 2016 and December 31, 2015, $1.2 billion and $1.5 billion in finance receivables had been transferred in secured funding arrangements to third-party banks, to which $1.1 billion and $1.4 billion in secured debt was outstanding.