Loans and finance receivables (Tables)

12 Months Ended

Dec. 31, 2020

Loans and Finance Receivables [Member]

Schedule of receivables

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

	December 31,
	2020			2019
Loans and finance receivables before allowances and discounts	$	20,436		$	18,199
Allowances for uncollectible loans		(712	)		(167	)
Unamortized acquisition discounts and points		(523	)		(505	)
	$	19,201		$	17,527

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 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			125
Charge-offs, net of recoveries		(118	)		(135	)
Balance at December 31	$	712		$	167

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 December 31, 2020 follows (in millions).

	Loans and Financing Receivables by Origination Year
	2020		2019		2018		2017		2016		Prior		Total
Performing	$	4,430	$	2,537	$	1,928	$	1,424	$	1,276	$	6,645	$	18,240
Non-performing		3		5		7		7		7		43		72
Total	$	4,433	$	2,542	$	1,935	$	1,431	$	1,283	$	6,688	$	18,312