Finance Receivables, Net (Tables)

3 Months Ended

Mar. 31, 2015

Financing Receivable, Net [Abstract]

Finance Receivables Sales Activity

The following is a summary of our prior sales activity - there were no sales in 2015 or 2014:

	Year Ended December 31,
	2013		2012
Net carrying value (NCV) sold	$	676	$	682
Allowance included in NCV	17		18
Cash proceeds received	635		630
Beneficial interests received	86		101
Pre-tax gain on sales	40		44
Net fees and expenses	5		5

Finance Receivables Sales Impact on Operating Cash Flows

The net impact from the sales of finance receivables on operating cash flows is summarized below:

	Three Months Ended March 31,
	2015			2014
Impact from prior sales of finance receivables(1)	$	(105	)	$	(149	)
Collections on beneficial interest	18			26
Estimated Decrease to Operating Cash Flows	$	(87	)	$	(123	)

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(1)     Represents cash that would have been collected had we not sold finance receivables.

Allowance for Credit Losses on Financing Receivables

The following table is a rollforward of the allowance for doubtful finance receivables as well as the related investment in finance receivables:

Allowance for Credit Losses:	United States			Canada			Europe			Other(3)			Total
Balance at December 31, 2014	$	41		$	20		$	58		$	12		$	131
Provision	2			1			5			3			11
Charge-offs	—			(3		)	(1		)	(1		)	(5		)
Recoveries and other(1)	—			—			(6		)	—			(6		)
Balance at March 31, 2015	$	43		$	18		$	56		$	14		$	131
Finance receivables as of March 31, 2015 collectively evaluated for impairment(2)	$	1,711		$	386		$	1,606		$	416		$	4,119
Balance at December 31, 2013	$	45		$	22		$	81		$	6		$	154
Provision	3			2			7			3			15
Charge-offs	(1		)	(4		)	(5		)	(2		)	(12		)
Recoveries and other(1)	1			—			—			—			1
Balance at March 31, 2014	$	48		$	20		$	83		$	7		$	158
Finance receivables as of March 31, 2014 collectively evaluated for impairment(2)	$	1,676		$	402		$	2,242		$	316		$	4,636

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(1) Includes the impacts of foreign currency translation and adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.

(2) Total Finance receivables exclude residual values of $0 and $1, and the allowance for credit losses of $131 and $158 at March 31, 2015 and 2014, respectively.

(3) Includes developing market countries and smaller units.

Financing Receivable Credit Quality Indicators

Details about our finance receivables portfolio based on industry and credit quality indicators are as follows:

	March 31, 2015								December 31, 2014
	Investment Grade		Non-investment Grade		Substandard		Total Finance Receivables		Investment Grade		Non-investment Grade		Substandard		Total Finance Receivables
Finance and other services	$	194	$	165	$	58	$	417	$	195	$	159	$	55	$	409
Government and education	567		11		3		581		589		13		3		605
Graphic arts	144		82		86		312		148		79		90		317
Industrial	91		42		18		151		92		41		18		151
Healthcare	86		26		15		127		84		26		14		124
Other	52		44		27		123		55		38		29		122
Total United States	1,134		370		207		1,711		1,163		356		209		1,728
Finance and other services	52		31		11		94		54		31		12		97
Government and education	66		8		2		76		76		8		2		86
Graphic arts	51		42		29		122		58		49		36		143
Industrial	24		12		4		40		24		13		4		41
Other	33		18		3		54		34		19		4		57
Total Canada	226		111		49		386		246		120		58		424
France	221		208		108		537		253		234		129		616
U.K./Ireland	238		94		2		334		255		101		6		362
Central(1)	185		247		31		463		230		278		30		538
Southern(2)	44		120		44		208		60		148		36		244
Nordics(3)	21		42		1		64		25		49		1		75
Total Europe	709		711		186		1,606		823		810		202		1,835
Other	196		168		52		416		195		163		40		398
Total	$	2,265	$	1,360	$	494	$	4,119	$	2,427	$	1,449	$	509	$	4,385

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(1) Switzerland, Germany, Austria, Belgium and Holland.

(2) Italy, Greece, Spain and Portugal.

(3) Sweden, Norway, Denmark and Finland.

Finance Receivables Aging

The aging of our billed finance receivables is based upon the number of days an invoice is past due and is as follows:

	March 31, 2015
	Current		31-90 Days Past Due		>90 Days Past Due		Total Billed		Unbilled		Total Finance Receivables		>90 Days and Accruing
Finance and other services	$	8	$	2	$	1	$	11	$	406	$	417	$	11
Government and education	15		4		3		22		559		581		28
Graphic arts	13		2		1		16		296		312		8
Industrial	4		1		1		6		145		151		7
Healthcare	3		1		1		5		122		127		5
Other	3		1		—		4		119		123		4
Total United States	46		11		7		64		1,647		1,711		63
Canada	10		2		1		13		373		386		13
France	—		1		2		3		534		537		28
U.K./Ireland	2		1		—		3		331		334		—
Central(1)	5		2		—		7		456		463		8
Southern(2)	15		2		3		20		188		208		12
Nordics(3)	1		—		—		1		63		64		4
Total Europe	23		6		5		34		1,572		1,606		52
Other	12		1		1		14		402		416		—
Total	$	91	$	20	$	14	$	125	$	3,994	$	4,119	$	128
	December 31, 2014
	Current		31-90 Days Past Due		>90 Days Past Due		Total Billed		Unbilled		Total Finance Receivables		>90 Days and Accruing
Finance and other services	$	7	$	2	$	1	$	10	$	399	$	409	$	13
Government and education	14		4		3		21		584		605		25
Graphic arts	12		1		1		14		303		317		6
Industrial	4		1		1		6		145		151		9
Healthcare	3		1		—		4		120		124		5
Other	3		1		—		4		118		122		6
Total United States	43		10		6		59		1,669		1,728		64
Canada	9		2		1		12		412		424		17
France	—		1		2		3		613		616		35
U.K./Ireland	1		—		—		1		361		362		1
Central(1)	2		2		1		5		533		538		15
Southern(2)	14		4		4		22		222		244		17
Nordics(3)	1		—		—		1		74		75		2
Total Europe	18		7		7		32		1,803		1,835		70
Other	13		1		—		14		384		398		—
Total	$	83	$	20	$	14	$	117	$	4,268	$	4,385	$	151

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(1) Switzerland, Germany, Austria, Belgium and Holland.

(2) Italy, Greece, Spain and Portugal.

(3) Sweden, Norway, Denmark and Finland.