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Finance Assets, net (Tables) | 3 Months Ended
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Mar. 31, 2016
Receivables [Abstract] |
Schedule of Allowance for Losses on Finance Assets | The activity in the allowance for losses on finance assets was as follows:
|  | For the Three Months Ended March 31,
|  | 2016 |  | 2015
|  | (in millions)
Balance at beginning of the year |  | $ | 42 |  |  | $ | 42 |
Decrease to allowance |  | (2 | ) |  | — |
Balance at March 31 |  | $ | 40 |  |  | $ | 42 |
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 March 31, 2016 and December 31, 2015 was as follows:
|  | March 31, 2016 |  | December 31, 2015
|  | (in millions)
Credit Rating by Standard & Poor’s/Moody’s: |  |  |  |
“AAA/Aaa” to “A-/A3” |  | $ | 213 |  |  | $ | 212 |
“BBB+/Baa1” to “BBB-/Baa3” |  | 603 |  |  | 702 |
“BB+/Ba1” and Lower |  | 389 |  |  | 367 |
Total |  | $ | 1,205 |  |  | $ | 1,281 |

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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=49124121&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 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 Reference 2: 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=49124121&loc=SL6953659-111524 + Details
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- References No definition available. + Details
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