Loans and finance receivables (Tables)

9 Months Ended

Sep. 30, 2020

Loans and Finance Receivables [Member]

Schedule of receivables

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

	September 30, 2020			December 31, 2019
Loans and finance receivables before allowances and discounts	$	19,832		$	18,199
Allowances for credit losses		(731	)		(167	)
Unamortized acquisition discounts and points		(517	)		(505	)
	$	18,584		$	17,527

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

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

	2020			2019
Balance at beginning of year	$	167		$	177
Adoption of ASC 326		486			—
Provision for credit losses		177			109
Charge-offs, net of recoveries		(99	)		(103	)
Balance at September 30	$	731		$	183

Manufactured Housing Loan Balances [Member]

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

A summary of performing and non-performing manufactured housing loans before discounts and allowances by year of loan origination as of September 30, 2020 follows (in millions).

	Loans and Financing Receivables by Origination Year
	2020		2019		2018		2017		2016		Prior		Total
Performing	$	3,328	$	2,603	$	1,983	$	1,471	$	1,314	$	6,918	$	17,617
Non-performing		3		4		6		7		8		49		77
Total	$	3,331	$	2,607	$	1,989	$	1,478	$	1,322	$	6,967	$	17,694