XML 47 R36.htm IDEA: XBRL DOCUMENT v3.22.1
Loans and finance receivables (Tables)
 3 Months Ended
Mar. 31, 2022
Schedule of receivables

Other receivables are comprised of the following (in millions).

 

 

March 31,

2022

 

 

December 31,

2021

 

Insurance and other:

 

 

 

 

 

 

 

Insurance premiums receivable

$

16,305

 

 

$

15,050

 

Reinsurance recoverables

 

4,880

 

 

 

4,900

 

Trade receivables

 

14,333

 

 

 

12,971

 

Other

 

4,122

 

 

 

3,146

 

Allowances for credit losses

 

(677

)

 

 

(679

)

 

$

38,963

 

 

$

35,388

 

Railroad, utilities and energy:

 

 

 

 

 

 

 

Trade receivables

$

3,645

 

 

$

3,678

 

Other

 

596

 

 

 

650

 

Allowances for credit losses

 

(149

)

 

 

(151

)

 

$

4,092

 

 

$

4,177

 

 
Loans and Finance Receivables [Member]  
Schedule of receivables

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

 

 

March 31,

2022

 

 

December 31,

2021

 

Loans and finance receivables before allowances and discounts

$

22,596

 

 

$

22,065

 

Allowances for credit losses

 

(781

)

 

 

(765

)

Unamortized acquisition discounts and points

 

(550

)

 

 

(549

)

 

$

21,265

 

 

$

20,751

 
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 quarter of 2022 and 2021 follow (in millions).

 

 

First Quarter

 

 

2022

 

 

2021

 

Balance at beginning of year

$

765

 

 

$

712

 

Provision for credit losses

 

22

 

 

 

27

 

Charge-offs, net of recoveries

 

(6

)

 

 

(14

)

Balance at March 31

$

781

 

 

$

725

 
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 March 31, 2022 follows (in millions).

 

Origination Year

 

 

 

 

 

 

2022

 

 

2021

 

 

2020

 

 

2019

 

 

2018

 

 

Prior

 

 

Total

 

Performing

$

2,038

 

 

$

3,918

 

 

$

3,065

 

 

$

2,169

 

 

$

1,642

 

 

$

7,789

 

 

$

20,621

 

Non-performing

 

2

 

 

 

3

 

 

 

8

 

 

 

8

 

 

 

6

 

 

 

46

 

 

 

73

 

 

$

2,040

 

 

$

3,921

 

 

$

3,073

 

 

$

2,177

 

 

$

1,648

 

 

$

7,835

 

 

$

20,694