The following table summarizes activity related to our senior unsecured debt and asset-backed securities (“ABS”) repurchases. “Gains on debt repurchases” is shown net of hedging-related gains and losses.
Years Ended December 31, | ||||||||||||
(Dollars in millions) |
2013 | 2012 | 2011 | |||||||||
Debt principal repurchased |
$ | 1,279 | $ | 711 | $ | 894 | ||||||
Gains on debt repurchases |
42 | 145 | 38 |