Annual report pursuant to Section 13 and 15(d)

Securitization of Receivables (Tables)

v3.3.1.900
Securitization of Receivables (Tables)
12 Months Ended
Dec. 31, 2015
Securitization of Receivables [Abstract]  
Summary of Certain Transactions with Securitization Trusts

The following summarizes certain transactions with our securitization trusts:

 

     Year ended December 31,  
         2015              2014              2013      
     (dollars in millions)  

Gains on securitizations

   $ 8       $ 9       $ 6   

Purchase of receivables securitized

   $ 286       $ 248       $ 260   

Proceeds from securitizations

   $ 294       $ 257       $ 266   

Residual and servicing assets included in Other Assets

   $ 9       $ 6       $ 5   

Cash received from residual and servicing assets

   $ 2       $ 2       $ 1