Loans and finance receivables (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of receivables

Other receivables are comprised of the following (in millions). Receivables of the railroad, utilities and energy businesses at September 30, 2023 included approximately $2.0 billion related to PTC.

	September 30, 2023			December 31, 2022
Insurance and other:
Insurance premiums receivable	$	19,646		$	18,395
Reinsurance recoverables		7,185			7,106
Trade receivables		15,454			14,510
Other		4,259			4,154
Allowances for credit losses		(666	)		(675	)
	$	45,878		$	43,490
Railroad, utilities and energy:
Trade receivables	$	5,795		$	4,182
Other		1,219			754
Allowances for credit losses		(166	)		(141	)
	$	6,848		$	4,795

Loans and Finance Receivables [Member]

Schedule of receivables

Loans and finance receivables are summarized as follows (in millions).

	September 30, 2023			December 31, 2022
Loans and finance receivables before allowances and discounts	$	25,573		$	24,664
Allowances for credit losses		(926	)		(856	)
Unamortized acquisition discounts and points		(638	)		(600	)
	$	24,009		$	23,208

Schedule of reconciliation of allowance for credit losses on loans and finance receivables

Loans and finance receivables are principally manufactured home loans, and to a lesser extent, commercial loans and site-built home loans. Reconciliations of the allowance for credit losses on loans and finance receivables for the first nine months of 2023 and 2022 follow (in millions).

	First Nine Months
	2023			2022
Balance at beginning of year	$	856		$	765
Provision for credit losses		122			45
Charge-offs, net of recoveries		(52	)		(25	)
Balance at September 30	$	926		$	785

Manufactured Housing Loan Balances [Member]

Summary of performing and non-performing home loans before discounts and allowances by year of loan origination

A summary of performing and non-performing home loans before discounts and allowances by year of loan origination as of September 30, 2023 follows (in millions).

	Origination Year
	2023		2022		2021		2020		2019		Prior		Total
Performing	$	4,474	$	4,466	$	3,394	$	2,633	$	1,861	$	7,681	$	24,509
Non-performing		4		6		10		8		8		42		78
	$	4,478	$	4,472	$	3,404	$	2,641	$	1,869	$	7,723	$	24,587