Notes Receivable

The following table shows the composition of our notes receivable balances (net of reserves and unamortized discounts) at the end of the 2013 second quarter and year-end 2012:



	At Period End
($ in millions)	June 30, 2013			December 28, 2012
Senior, mezzanine, and other loans	$	201		$	242
Less current portion	(49		)	(62		)
	$	152		$	180

The following table shows the expected future principal payments (net of reserves and unamortized discounts) as well as interest rates for our notes receivable as of the end of the 2013 second quarter:



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2013	$	31
2014	47
2015	73
2016	2
2017	1
Thereafter	47
Balance at June 30, 2013	$	201
Weighted average interest rate at June 30, 2013	4.9		%
Range of stated interest rates at June 30, 2013	0 to 10.2%

The following table shows the unamortized discounts for our notes receivable at the end of the 2013 second quarter and year-end 2012:



Notes Receivable Unamortized Discounts ($ in millions)	Total
Balance at year-end 2012	$	11
Balance at June 30, 2013	$	12

At the end of the 2013 second quarter, our recorded investment in impaired “Senior, mezzanine, and other loans” was $106 million, and we had a $91 million notes receivable reserve representing an allowance for credit losses, leaving $15 million of our investment in impaired loans, for which we had no related allowance for credit losses. At year-end 2012, our recorded investment in impaired “Senior, mezzanine, and other loans” was $93 million, and we had a $79 million notes receivable reserve representing an allowance for credit losses, leaving $14 million of our investment in impaired loans, for which we had no related allowance for credit losses. Our average investment in impaired “Senior, mezzanine, and other loans” totaled $101 million for the 2013 second quarter, $99 million for the 2013 first half, $97 million for the 2012 second quarter and $99 million for the 2012 first half.

The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for the 2013 first half:



($ in millions)	Notes Receivable Reserve
Balance at year-end 2012	$	79
Reversals	(1		)
Write-offs	1
Transfers and other	12
Balance at June 30, 2013	$	91

Past due senior, mezzanine, and other loans totaled $6 million at the end of the 2013 second quarter.