Freddie Mac 2015 Annual Report Download - page 330

Financial Statements Notes to the Consolidated Financial Statements | Note 17
Freddie Mac 2015 Form 10-K 328
NOTE 17: SELECTED FINANCIAL STATEMENT LINE ITEMS
The table below presents the significant components of other income (loss) and other expense on our
consolidated statements of comprehensive income.
Year Ended December 31,
(in millions) 2015 2014 2013
Other income (loss):
Non-agency mortgage-related securities settlements(1) $ 65 $ 6,084 $5,501
Gains (losses) on loans (2,094) 731 (336)
Other 1,150 1,229 1,485
Total other income (loss) $ (879) $ 8,044 $6,650
Other (expense) income:
Property tax and insurance expense on held-for-sale loans $ (1,094) $ (62) $ —
Other (expense) income (412)(176)109
Total other (expense) income $ (1,506) $ (238) $ 109
(1) Settlement agreements primarily related to lawsuits regarding our investments in certain non-agency mortgage-related
securities and were a significant component of other income in 2014 and 2013.
The table below presents the significant components of other assets and other liabilities on our
consolidated balance sheets.
(in millions) December 31, 2015 December 31, 2014
Other assets:
Accounts and other receivables(1) $3,625 $3,899
Current income tax receivable 26 1,048
Guarantee asset 1,753 1,626
Advances to lenders 910 —
All other 1,157 1,121
Total other assets $ 7,471 $7,694
Other liabilities:
Servicer liabilities $ 1,191 $1,847
Guarantee obligation 1,729 1,623
Accounts payable and accrued expenses 1,286 803
All other 1,040 785
Total other liabilities $ 5,246 $5,058
(1) Primarily consists of servicer receivables and other non-interest receivables.
END OF CONSOLIDATED FINANCIAL STATEMENTS AND ACCOMPANYING NOTES