Quarterly report [Sections 13 or 15(d)]

Securitization of Financial Assets (Tables)

v3.25.1
Securitization of Financial Assets (Tables)
3 Months Ended
Mar. 31, 2025
Transfers and Servicing [Abstract]  
Schedule of Certain Transactions with Securitization Trusts
The following summarizes certain transactions with securitization trusts: 
  For the Three Months Ended March 31,
  2025 2024
  (in millions)
Gains on securitizations $ 20  $ 29 
Cost of financial assets securitized 194  459 
Proceeds from securitizations 214  488 
Cash received from residual and servicing assets
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, 2025 Three months ended March 31, 2024
Government Commercial Government Commercial
(in millions)
Beginning balance $ —  $ $ —  $
Provision for loss on securitization assets —  —  —  — 
Ending balance $ —  $ $ —  $