Accounts Receivable and Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2012

Accounts Receivable and Finance Receivables [Abstract]

Accounts Receivable

(In millions)	March 31, 2012			December 31, 2011
Commercial	$	594		$	528
U.S. Government contracts		360			346
		954			874
Allowance for doubtful accounts		(17	)		(18	)
	$	937		$	856

Finance Receivables

(In millions)	March 31, 2012		December 31, 2011
Aviation	$	1,788	$	1,876
Golf Equipment		61		69
Golf Mortgage		314		381
Timeshare		260		318
Structured Capital		171		208
Other liquidating		34		43
Total finance receivables		2,628		2,895
Less: Allowance for losses		136		156
Less: Finance receivables held for sale		318		418
Total finance receivables held for investment, net	$	2,174	$	2,321

Finance receivables held for investment based on the internally assigned credit quality

	March 31, 2012											December 31, 2011
(In millions)	Performing			Watchlist			Nonaccrual			Total		Performing			Watchlist			Nonaccrual			Total
Aviation	$	1,465		$	221		$	102		$	1,788	$	1,537		$	214		$	125		$	1,876
Golf Equipment		20			33			8			61		21			37			11			69
Timeshare		87			4			165			256		89			25			167			281
Structured Capital		166			5			—			171		203			5			—			208
Other liquidating		19			—			15			34		25			—			18			43
Total	$	1,757		$	263		$	290		$	2,310	$	1,875		$	281		$	321		$	2,477
% of Total		76.0	%		11.4	%		12.6	%				75.7	%		11.3	%		13.0	%

Finance receivables held for investment by delinquency aging

	March 31, 2012										December 31, 2011
(In millions)	Less Than 31 Days Past Due		31-60 Days Past  Due		61-90 Days Past  Due		Over 90 Days Past Due		Total		Less Than 31 Days Past Due		31-60 Days Past  Due		61-90 Days Past  Due		Over 90 Days Past Due		Total
Aviation	$	1,606	$	96	$	19	$	67	$	1,788	$	1,705	$	66	$	37	$	68	$	1,876
Golf Equipment		52		1		3		5		61		53		3		6		7		69
Timeshare		199		16		3		38		256		238		3		—		40		281
Structured Capital		171		—		—		—		171		208		—		—		—		208
Other liquidating		26		—		—		8		34		35		—		—		8		43
Total	$	2,054	$	113	$	25	$	118	$	2,310	$	2,239	$	72	$	43	$	123	$	2,477

Summary of impaired finance receivables, excluding leveraged leases

	Recorded Investment
(In millions)	Impaired Loans with No Related Allowance for Credit Losses		Impaired Loans with Related Allowance for Credit Losses		Total Impaired Loans		Unpaid Principal Balance		Allowance For Losses  On Impaired Loans		Average Recorded Investment
March 31, 2012
Aviation	$	39	$	70	$	109	$	113	$	21	$	124
Golf Equipment		—		2		2		2		1		2
Timeshare		122		78		200		250		42		213
Other liquidating		1		12		13		24		9		15
Total	$	162	$	162	$	324	$	389	$	73	$	354
December 31, 2011
Aviation	$	47	$	92	$	139	$	142	$	39	$	146
Timeshare		170		57		227		288		38		315
Golf Mortgage		—		—		—		—		—		232
Other liquidating		3		12		15		59		9		30
Total	$	220	$	161	$	381	$	489	$	86	$	723

Allowance for Losses

(In millions)	Aviation			Golf Equipment			Golf Mortgage			Timeshare			Other Liquidating			Total
For the three months ended March 31, 2012
Beginning balance	$	95		$	6		$	—		$	40		$	15		$	156
Provision for losses		2			—			—			3			(1	)		4
Net charge-offs		(23	)		—			—			(1	)		—			(24	)
Ending balance	$	74		$	6		$	—		$	42		$	14		$	136
For the three months ended April 2, 2011
Beginning balance	$	107		$	16		$	79		$	106		$	34		$	342
Provision for losses		11			—			(1	)		—			2			12
Net charge-offs and transfers		(8	)		(3	)		(3	)		(1	)		(1	)		(16	)
Ending balance	$	110		$	13		$	75		$	105		$	35		$	338

Allowance for losses on finance receivables on an individual and on a collective basis

	March 31, 2012								April 2, 2011
	Finance Receivables Evaluated				Allowance Based on Individual Evaluation		Allowance Based on Collective Evaluation		Finance Receivables Evaluated				Allowance Based on Individual Evaluation		Allowance Based on Collective Evaluation
(In millions)	Individually		Collectively						Individually		Collectively
Aviation	$	109	$	1,679	$	21	$	53	$	164	$	1,864	$	50	$	60
Golf Equipment		2		59		1		5		6		186		1		12
Timeshare		200		56		42		—		368		195		102		3
Golf Mortgage		—		—		—		—		299		341		45		30
Other liquidating		13		21		9		5		38		164		4		31
Total	$	324	$	1,815	$	73	$	63	$	875	$	2,750	$	202	$	136