Quarterly report pursuant to Section 13 or 15(d)

Securitization of Financial Assets (Tables)

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Securitization of Financial Assets (Tables)
 3 Months Ended
Mar. 31, 2024
Transfers and Servicing [Abstract]  
Schedule of Certain Transactions with Securitization Trusts
The following summarizes certain transactions with securitization trusts: 
  As of and for the three months ended March 31,
  2024 2023
  (in millions)
Gains on securitizations $ 29  $ 16 
Cost of financial assets securitized 459  263 
Proceeds from securitizations 488  279 
Residual and servicing assets 220  193 
Cash received from residual and servicing assets 3  1 
Schedule Of Allowance For Loss On Securitization Residual Assets The following table reconciles our beginning and ending allowance for loss on securitization residual assets:
Three months ended March 31, 2024 Three months ended March 31, 2023
Government Commercial Government Commercial
(in millions)
Beginning balance $ —  $ 3  $ —  $ — 
Provision for loss on securitization assets —  —  —  — 
Ending balance $ —  $ 3  $ —  $ —