Annual report pursuant to Section 13 and 15(d)

Securitization of Financial Assets (Tables)

v3.19.3.a.u2
Securitization of Financial Assets (Tables)
12 Months Ended
Dec. 31, 2019
Transfers and Servicing [Abstract]  
Summary of Certain Transactions with Securitization Trusts
The following summarizes certain transactions with our securitization trusts:
 
As of and for the year ended December 31,
 
2019
 
2018
 
2017
 
(in millions)
Gains on securitizations
$
24

 
$
33

 
$
21

Cost of financial assets securitized
853

 
688

 
466

Proceeds from securitizations
877

 
721

 
487

Residual and servicing assets
124

 
72

 
46

Cash received from residual and servicing assets
7

 
3

 
4