Consolidated Balance Sheet

 

($ in millions) December 31,   2005     2004  
Assets            
Cash and cash equivalents $ 15,424   $ 22,718  
Investment securities   18,207     14,960  
Loans held for sale   21,865     19,934  
Reporting segment held for sale   19,030     –  
Finance receivables and loans, net of unearned income            
Consumer   140,411     150,449  
Commercial   44,574     53,210  
Allowance for credit losses   (3,116 )   (3,422 )
Total finance receivables and loans, net   181,869     200,237  
Investment in operating leases, net   31,211     26,072  
Notes receivable from General Motors   4,565     4,921  
Mortgage servicing rights, net   4,015     3,890  
Premiums and other insurance receivables   1,873     1,763  
Other assets   22,457     29,644  
Total assets $ 320,516   $ 324,139  
Liabilities            
Debt            
Unsecured $ 133,269   $ 177,003  
Secured   121,138     91,957  
Total debt   254,407     268,960  
Interest payable   3,057     3,394  
Liabilities related to reporting segment held for sale   10,941     –  
Unearned insurance premiums and service revenue   5,054     4,727  
Reserves for insurance losses and loss adjustment expenses   2,534     2,505  
Accrued expenses and other liabilities   18,381     18,382  
Deferred income taxes   4,364     3,754  
Total liabilities   298,738     301,722  
Stockholder’s equity            
Common stock, $.10 par value (10,000 shares authorized, 10 shares issued and outstanding) and paid-in capital   5,760     5,760  
Retained earnings   15,190     15,491  
Accumulated other comprehensive income   828     1,166  
Total stockholder’s equity   21,778     22,417  
Total liabilities and stockholder’s equity $ 320,516   $ 324,139