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Finance Assets, net (Tables) | 9 Months Ended
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Sep. 30, 2014
Receivables [Abstract] |
Schedule of Allowance for Losses on Finance Assets | The activity in the allowance for losses on finance assets for the nine months ended September 30, 2014 and 2013 was as follows:
|  | For the Nine Months Ended September 30,
|  | 2014 |  | 2013
|  | (in millions)
Balance at beginning of the year |  | $ | 52 |  |  | $ | 99 |
Decrease to allowance |  | (10 | ) |  | (47 | )
Balance at September 30 |  | $ | 42 |  |  | $ | 52 |
Schedule of Credit Quality of Investments in Finance Assets | The credit quality of PMCC’s investments in finance leases as assigned by Standard & Poor’s Ratings Services (“Standard & Poor’s”) and Moody’s Investors Service, Inc. (“Moody’s”) at September 30, 2014 and December 31, 2013 was as follows:
|  | September 30, 2014 |  | December 31, 2013
|  | (in millions)
Credit Rating by Standard & Poor’s/Moody’s: |  |  |  |
“AAA/Aaa” to “A-/A3” |  | $ | 437 |  |  | $ | 464 |
“BBB+/Baa1” to “BBB-/Baa3” |  | 878 |  |  | 927 |
“BB+/Ba1” and Lower |  | 500 |  |  | 658 |
Total |  | $ | 1,815 |  |  | $ | 2,049 |

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 + Details
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