Financing Receivables and Allowance for Losses on Financing Receivables (Tables)
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9 Months Ended |
Sep. 30, 2015 |
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| Financing Receivables And Allowance For Losses On Financing Receivables [Abstract] |
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| Financing Receivables |
| FINANCING RECEIVABLES, NET | | | | | | | | (In millions) | September 30, 2015 | | December 31, 2014 | | | | | | | | Loans, net of deferred income | $ | 82,196 | | $ | 120,007 | | Investment in financing leases, net of deferred income | | 5,008 | | | 6,554 | | | 87,204 | | | 126,561 | | Allowance for losses | | (3,457) | | | (4,104) | | Financing receivables – net | $ | 83,748 | | $ | 122,457 | | | | | | |
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| Schedule Of Financing Receivables By Portfolio |
| FINANCING RECEIVABLES | | | | | | | | | | | | | | | (In millions) | September 30, 2015 | | | December 31, 2014 | | | | | | | | | Commercial | | | | | | | | CLL | $ | 13,341 | (a) | | $ | 14,418 | | Energy Financial Services | | 2,443 | | | | 2,580 | | GE Capital Aviation Services (GECAS) | | 7,394 | | | | 8,263 | | Other | | 506 | | | | 480 | | Total Commercial | | 23,684 | | | | 25,741 | | Consumer | | 63,520 | (b) | | | 100,820 | | Total financing receivables | | 87,204 | | | | 126,561 | | Allowance for losses | | (3,457) | (b) | | | (4,104) | | Total financing receivables – net | $ | 83,748 | | | $ | 122,457 | | | | | | | |
- Includes Healthcare Equipment Finance and Working Capital Solutions, which purchases GE customer receivables.
- Includes Synchrony Financial, our U.S. consumer business.
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| Schedule of allowance for losses |
| ALLOWANCE FOR LOSSES | | | | | | | | | | | | | | | | | | | | | | | Provision | | | | | | | | | | | | Balance at | | charged to | | | | | Gross | | | | | Balance at | | (In millions) | January 1 | | operations(a) | | Other | (b) | write-offs | (a)(c) | Recoveries | (c) | September 30 | | | | | | | | | | | | | | | | | | | | 2015 | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | CLL | $ | 21 | | $ | 20 | | $ | - | | $ | (15) | | $ | 6 | | $ | 32 | | Energy Financial Services | | 26 | | | 16 | | | - | | | (29) | | | 1 | | | 14 | | GECAS | | 46 | | | (11) | | | - | | | (1) | | | 3 | | | 37 | | Other | | - | | | 15 | | | - | | | (13) | | | - | | | 2 | | Total Commercial | | 93 | | | 40 | | | - | | | (58) | | | 10 | | | 85 | | Consumer | | 4,011 | | | 4,596 | | | (252) | | | (5,622) | | | 639 | | | 3,372 | | Total | $ | 4,104 | | $ | 4,636 | | $ | (252) | | $ | (5,680) | | $ | 649 | | $ | 3,457 | | | | | | | | | | | | | | | | | | |
| 2014 | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | CLL | $ | 17 | | $ | 8 | | $ | (1) | | $ | (11) | | $ | 7 | | $ | 20 | | Energy Financial Services | | 8 | | | 13 | | | - | | | (17) | | | 2 | | | 6 | | GECAS | | 17 | | | 9 | | | - | | | (11) | | | - | | | 15 | | Other | | 2 | | | - | | | (2) | | | - | | | - | | | - | | Total Commercial | | 44 | | | 30 | | | (3) | | | (39) | | | 9 | | | 41 | | Consumer | | 3,981 | | | 2,663 | | | (120) | | | (3,203) | | | 869 | | | 4,190 | | Total | $ | 4,025 | | $ | 2,693 | | $ | (123) | | $ | (3,242) | | $ | 878 | | $ | 4,231 | | | | | | | | | | | | | | | | | | |
- Provision charged to operations included $2,405 million and gross write-offs included $2,859 million related to the effects of the 2015 reclassification of non-U.S. consumer financing receivables to financing receivables held for sale recorded at the lower of cost or fair value, less cost to sell.
- Other primarily includes the reclassification of financing receivables to assets of businesses held for sale and the effects of currency exchange.
- Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.
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