Annual report pursuant to Section 13 and 15(d)

Securitization of Financial Assets (Tables)

v3.20.4
Securitization of Financial Assets (Tables)
12 Months Ended
Dec. 31, 2020
Transfers and Servicing [Abstract]  
Summary of Certain Transactions with Securitization Trusts
The following summarizes certain transactions with securitization trusts:
  As of and for the year ended December 31,
  2020 2019 2018
  (in millions)
Gains on securitizations $ 50  $ 24  $ 33 
Cost of financial assets securitized 292  853  688 
Proceeds from securitizations 342  877  721 
Residual and servicing assets 164  124  72 
Cash received from residual and servicing assets 12