Annual report pursuant to Section 13 and 15(d)

Securitization of Financial Assets (Tables)

v3.22.4
Securitization of Financial Assets (Tables)
12 Months Ended
Dec. 31, 2022
Transfers and Servicing [Abstract]  
Schedule of Certain Transactions with Securitization Trusts
The following summarizes certain transactions with securitization trusts:
  As of and for the year ended December 31,
  2022 2021 2020
  (in millions)
Gains on securitizations $ 57  $ 68  $ 50 
Cost of financial assets securitized 500  810  292 
Proceeds from securitizations 557  878  342 
Residual and servicing assets 177  210  164 
Cash received from residual and servicing assets 20  18  12