Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations [Abstract]

Businesses held for sale

							June 30,			December 31,
(In millions)							2013			2012

Assets
Cash and equivalents							$	16		$	74
Financing receivables – net								109			47
Property, plant and equipment – net								0			31
All other								40			59
Assets of businesses held for sale							$	165		$	211

Liabilities
Short-term borrowings							$	0		$	138
All other								7			19
Liabilities of businesses held for sale							$	7		$	157

Discontinued Operations

		Three months ended June 30,						Six months ended June 30,
(In millions)		2013			2012			2013			2012

Operations
Total revenues (loss)		$	43		$	(245)		$	30		$	(144)

Earnings (loss) from discontinued operations before income taxes		$	(30)		$	(382)		$	(158)		$	(448)
Benefit (provision) for income taxes			21			123			142			157
Earnings (loss) from discontinued operations, net of taxes		$	(9)		$	(259)		$	(16)		$	(291)

Disposal
Gain (loss) on disposal before income taxes		$	(95)		$	(308)		$	(282)		$	(502)
Benefit (provision) for income taxes			(17)			14			68			43
Gain (loss) on disposal, net of taxes		$	(112)		$	(294)		$	(214)		$	(459)

Earnings (loss) from discontinued operations, net of taxes		$	(121)		$	(553)		$	(230)		$	(750)

							June 30,			December 31,
(In millions)							2013			2012

Assets
Cash and equivalents							$	95		$	102
Property, plant and equipment – net								511			699
All other								1,240			1,498
Assets of discontinued operations							$	1,846		$	2,299

Liabilities
Deferred income taxes							$	337		$	374
All other								2,042			2,007
Liabilities of discontinued operations							$	2,379		$	2,381

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

	Reserve							Pending claims
(In millions)	Three months ended June 30, 2013			Six months ended June 30, 2013			(In millions)	Three months ended June 30, 2013			Six months ended June 30, 2013
Reserve, beginning of period	$	740		$	633		Pending claims, beginning of period	$	6,210		$	5,357
Provision		47			154		New claims		125			978
Claim resolutions		0			0		Claim resolutions		0			0
Reserve, end of period	$	787		$	787		Pending claims, end of period	$	6,335		$	6,335