Loans and finance receivables (Tables)

6 Months Ended

Jun. 30, 2020

Loans and Finance Receivables [Member]

Schedule of receivables

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

	June 30, 2020			December 31, 2019
Loans and finance receivables before allowances and discounts	$	19,410		$	18,199
Allowances for credit losses		(732	)		(167	)
Unamortized acquisition discounts and points		(503	)		(505	)
	$	18,175		$	17,527

Schedule of changes in allowance for credit losses

Loans and finance receivables are principally installment loans originated or acquired by our manufactured housing business. The changes in the allowance for credit losses for each of the first six months of 2020 and 2019 follow (in millions).

	2020			2019
Balance - beginning of year:	$	167		$	177
Adoption of ASC 326		486			—
Provision for credit losses		130			66
Charge-offs, net of recoveries		(51	)		(66	)
Balance - June 30:	$	732		$	177

Manufactured Housing Loan Balances [Member]

Schedule of manufactured housing loan balances before discounts and allowances designated as performing or non-performing by year of loan origination

Manufactured housing loan balances before discounts and allowances designated as performing or non-performing are presented below by year of loan origination as of June 30, 2020 (in millions).

	Loans and Financing Receivables by Origination Year
	2020		2019		2018		2017		2016		Prior		Total
Performing	$	2,386	$	2,663	$	2,032	$	1,510	$	1,349	$	7,192	$	17,132
Non-performing		3		4		8		10		11		66		102
Total	$	2,389	$	2,667	$	2,040	$	1,520	$	1,360	$	7,258	$	17,234