Finance Receivables, Net (Tables)

6 Months Ended

Jun. 30, 2017

Financing Receivable, Net [Abstract]

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(2)		Total
Balance at December 31, 2016	$	55		$	16		$	37		$	2	$	110
Provision	4			—			5			—		9
Charge-offs	(6		)	(2		)	(2		)	—		(10		)
Recoveries and other(3)	—			2			—			—		2
Balance at March 31, 2017	$	53		$	16		$	40		$	2	$	111
Provision	4			1			1			—		6
Charge-offs	(10		)	(1		)	(3		)	—		(14		)
Recoveries and other(3)	1			—			4			—		5
Balance at June 30, 2017	$	48		$	16		$	42		$	2	$	108
Finance receivables as of June 30, 2017 collectively evaluated for impairment (4)	$	2,028		$	383		$	1,336		$	64	$	3,811
Balance at December 31, 2015(1)	$	54		$	17		$	45		$	2	$	118
Provision	4			1			5			—		10
Charge-offs	(2		)	(2		)	(2		)	—		(6		)
Recoveries and other(3)	1			2			1			—		4
Balance at March 31, 2016	$	57		$	18		$	49		$	2	$	126
Provision	—			1			7			—		8
Charge-offs	(3		)	(2		)	(3		)	—		(8		)
Recoveries and other(3)	—			1			(2		)	—		(1		)
Balance at June 30, 2016	$	54		$	18		$	51		$	2	$	125
Finance receivables as of June 30, 2016 collectively evaluated for impairment(4)	$	2,149		$	389		$	1,424		$	64	$	4,026

__________________

(1) In the first quarter 2016, as a result of an internal reorganization, a U.S. leasing unit previously classified in Other was reclassified to the U.S. Prior year amounts have been revised to conform to current year presentation.

(2) Includes developing market countries and smaller units.

(3) 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.

(4) Total Finance receivables exclude the allowance for credit losses of $108 and $125 at June 30, 2017 and 2016, respectively.

Financing Receivable Credit Quality Indicators

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

	June 30, 2017								December 31, 2016
	Investment Grade		Non-investment Grade		Substandard		Total Finance Receivables		Investment Grade		Non-investment Grade		Substandard		Total Finance Receivables
Finance and other services	$	162	$	341	$	98	$	601	$	181	$	342	$	95	$	618
Government and education	490		60		8		558		543		57		8		608
Graphic arts	116		115		95		326		138		102		107		347
Industrial	81		77		24		182		82		78		24		184
Healthcare	81		47		16		144		79		47		17		143
Other	69		95		53		217		82		103		53		238
Total United States	999		735		294		2,028		1,105		729		304		2,138
Finance and other services	53		43		21		117		54		43		15		112
Government and education	48		5		3		56		52		6		2		60
Graphic arts	36		33		30		99		39		37		24		100
Industrial	20		12		9		41		21		13		6		40
Other	32		26		12		70		33		25		8		66
Total Canada	189		119		75		383		199		124		55		378
France	191		231		50		472		181		222		51		454
U.K./Ireland(4)	96		155		11		262		95		148		10		253
Central(1)	187		145		18		350		182		148		19		349
Southern(2)	38		150		13		201		36		131		14		181
Nordics(3)	28		22		1		51		26		22		1		49
Total Europe	540		703		93		1,336		520		671		95		1,286
Other	37		23		4		64		35		15		2		52
Total	$	1,765	$	1,580	$	466	$	3,811	$	1,859	$	1,539	$	456	$	3,854

_____________________________

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

(2) Italy, Greece, Spain and Portugal.

(3) Sweden, Norway, Denmark and Finland.

(4) The December 31, 2016 amounts have been revised to conform to 2017 presentation.

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:

	June 30, 2017
	Current		31-90 Days Past Due		>90 Days Past Due		Total Billed		Unbilled		Total Finance Receivables		>90 Days and Accruing
Finance and other services	$	12	$	1	$	1	$	14	$	587	$	601	$	10
Government and education	14		—		3		17		541		558		19
Graphic arts	14		1		—		15		311		326		6
Industrial	4		—		1		5		177		182		5
Healthcare	4		—		1		5		139		144		5
Other	6		1		1		8		209		217		4
Total United States	54		3		7		64		1,964		2,028		49
Canada	3		—		—		3		380		383		9
France	3		—		—		3		469		472		14
U.K./Ireland	3		—		—		3		259		262		—
Central(1)	2		1		1		4		346		350		6
Southern(2)	6		1		1		8		193		201		6
Nordics(3)	—		—		—		—		51		51		—
Total Europe	14		2		2		18		1,318		1,336		26
Other	3		—		—		3		61		64		—
Total	$	74	$	5	$	9	$	88	$	3,723	$	3,811	$	84
	December 31, 2016
	Current		31-90 Days Past Due		>90 Days Past Due		Total Billed		Unbilled		Total Finance Receivables		>90 Days and Accruing
Finance and other services	$	13	$	3	$	1	$	17	$	601	$	618	$	11
Government and education	10		4		3		17		591		608		25
Graphic arts	13		1		—		14		333		347		5
Industrial	4		1		1		6		178		184		5
Healthcare	3		1		1		5		138		143		5
Other	9		2		1		12		226		238		5
Total United States	52		12		7		71		2,067		2,138		56
Canada	3		—		—		3		375		378		8
France	3		—		—		3		451		454		20
U.K./Ireland	2		1		—		3		250		253		1
Central(1)	2		1		—		3		346		349		5
Southern(2)	5		1		1		7		174		181		6
Nordics(3)	1		—		—		1		48		49		1
Total Europe	13		3		1		17		1,269		1,286		33
Other	3		—		—		3		49		52		—
Total	$	71	$	15	$	8	$	94	$	3,760	$	3,854	$	97

 _____________________________

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

(2) Italy, Greece, Spain and Portugal.

(3) Sweden, Norway, Denmark and Finland.