v3.24.3
Securitization of Financial Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Transfers and Servicing [Abstract]  
Schedule of Certain Transactions with Securitization Trusts
The following summarizes certain transactions with securitization trusts: 
 For the Three Months Ended September 30,For the Nine Months Ended September 30,
 2024202320242023
 (in millions)
Gains on securitizations$8 $22 $63 $53 
Cost of financial assets securitized106 23 864 424 
Proceeds from securitizations114 45 927 477 
Cash received from residual and servicing assets7 4 13 15 
Schedule of Allowance for Loss on Securitization Residual Assets The following table reconciles our beginning and ending allowance for loss on securitization residual assets:
Three months ended September 30, 2024Three months ended September 30, 2023
GovernmentCommercialGovernmentCommercial
(in millions)
Beginning balance$— $3 $— $— 
Provision for loss on securitization assets— — — 3 
Ending balance$— $3 $— $3 
Nine months ended September 30, 2024Nine months ended September 30, 2023
GovernmentCommercialGovernmentCommercial
(in millions)
Beginning balance$— $3 $— $— 
Provision for loss on securitization assets— — — 3 
Ending balance$— $3 $— $3