The following table summarizes the changes in credit loss reserves by product and the related receivable balance by product during the years ended December 31, 2015, 2014 and 2013:



	Real Estate Secured						Personal Non- Credit Card			Total
	First Lien			Second Lien			Personal Non- Credit Card			Total
	(in millions)
Year Ended December 31, 2015:
Credit loss reserve rollforward:
Credit loss reserve balance at beginning of period	$	1,898		$	319		$	—		$	2,217
Provision for credit losses⁽¹⁾	223			27			—			250
Net charge-offs:
Charge-offs⁽¹⁾⁽²⁾	(2,004		)	(177		)	—			(2,181		)
Recoveries	20			5			—			25
Total net charge-offs	(1,984		)	(172		)	—			(2,156		)
Credit loss reserve balance at end of period	$	137		$	174		$	—		$	311
Reserve components:
Collectively evaluated for impairment	$	40		$	39		$	—		$	79
Individually evaluated for impairment⁽³⁾	85			135			—			220
Receivables carried at the lower of amortized cost or fair value of the collateral less cost to sell	12			—			—			12
Receivables acquired with deteriorated credit quality	—			—			—			—
Total credit loss reserves	$	137		$	174		$	—		$	311
Receivables:
Collectively evaluated for impairment	$	6,359		$	1,194		$	—		$	7,553
Individually evaluated for impairment⁽³⁾	640			632			—			1,272
Receivables carried at the lower of amortized cost or fair value of the collateral less cost to sell	299			27			—			326
Receivables acquired with deteriorated credit quality	4			1			—			5
Total receivables	$	7,302		$	1,854		$	—		$	9,156
Year Ended December 31, 2014:
Credit loss reserve rollforward:
Credit loss reserve balance at beginning of period	$	2,777		$	496		$	—		$	3,273
Provision for credit losses	(308		)	(39		)	(18		)	(365		)
Net charge-offs:
Charge-offs⁽²⁾	(657		)	(197		)	—			(854		)
Recoveries	84			59			18			161
Total net charge-offs	(573		)	(138		)	18			(693		)
Other	2			—			—			2
Credit loss reserve balance at end of period	$	1,898		$	319		$	—		$	2,217
Reserve components:
Collectively evaluated for impairment	$	152		$	74		$	—		$	226
Individually evaluated for impairment⁽³⁾	1,713			244			—			1,957
Receivables carried at the lower of amortized cost or fair value of the collateral less cost to sell	32			1			—			33
Receivables acquired with deteriorated credit quality	1			—			—			1
Total credit loss reserves	$	1,898		$	319		$	—		$	2,217
Receivables:
Collectively evaluated for impairment	$	10,346		$	1,591		$	—		$	11,937



	Real Estate Secured						Personal Non- Credit Card			Total
	First Lien			Second Lien			Personal Non- Credit Card			Total
	(in millions)
Individually evaluated for impairment⁽³⁾	9,133			895			—			10,028
Receivables carried at the lower of amortized cost or fair value of the collateral less cost to sell	664			29			—			693
Receivables acquired with deteriorated credit quality	10			2			—			12
Total receivables	$	20,153		$	2,517		$	—		$	22,670
Year Ended December 31, 2013:
Credit loss reserve rollforward:
Credit loss reserve balance at beginning of period	$	3,867		$	740		$	—		$	4,607
Provision for credit losses	(24		)	53			(50		)	(21		)
Net charge-offs:
Charge-offs⁽²⁾	(1,186		)	(335		)	—			(1,521		)
Recoveries	112			38			50			200
Total net charge-offs	(1,074		)	(297		)	50			(1,321		)
Other	8			—			—			8
Credit loss reserve balance at end of period	$	2,777		$	496		$	—		$	3,273
Reserve components:
Collectively evaluated for impairment	$	469		$	135		$	—		$	604
Individually evaluated for impairment⁽³⁾	2,256			360			—			2,616
Receivables carried at the lower of amortized cost or fair value of the collateral less cost to sell	51			1			—			52
Receivables acquired with deteriorated credit quality	1			—			—			1
Total credit loss reserves	$	2,777		$	496		$	—		$	3,273
Receivables:
Collectively evaluated for impairment	$	12,656		$	1,961		$	—		$	14,617
Individually evaluated for impairment⁽³⁾	10,073			1,003			—			11,076
Receivables carried at the lower of amortized cost or fair value of the collateral less cost to sell	830			49			—			879
Receivables acquired with deteriorated credit quality	9			3			—			12
Total receivables	$	23,568		$	3,016		$	—		$	26,584

⁽¹⁾

The provision for credit losses and charge-offs for real estate secured receivables during the year ended December 31, 2015 includes $234 million related to the lower of amortized cost or fair value adjustment attributable to credit factors for receivables transferred to held for sale. See Note 7, "Receivables Held for Sale," for additional information. The provision for credit losses for real estate secured receivables during the year ended December 31, 2015 was impacted by a release of approximately $19 million associated with an out of period adjustment to our credit loss reserve calculation for a segment of our portfolio.

⁽²⁾

For collateral dependent receivables that are transferred to held for sale, existing credit loss reserves at the time of transfer are recognized as a charge-off. We transferred to held for sale certain real estate secured receivables during the years ended December 31, 2015, 2014 and 2013 and, accordingly, we recognized the existing credit loss reserves on these receivables as additional charge-off totaling $1,622 million during the year ended December 31, 2015 compared with $58 million and $164 million during the years ended December 31, 2014 and 2013, respectively.

⁽³⁾

These amounts represent TDR Loans for which we evaluate reserves using a discounted cash flow methodology. Each loan is individually identified as a TDR Loan and then grouped together with other TDR Loans with similar characteristics. The discounted cash flow impairment analysis is then applied to these groups of TDR Loans. The receivable balance above excludes TDR Loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell which totaled $250 million, $517 million and $604 million at December 31, 2015, 2014 and 2013, respectively. The reserve component above excludes credit loss reserves totaling $10 million, $25 million and $38 million at December 31, 2015, 2014 and 2013, respectively, for TDR Loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell. These receivables and credit loss reserves are reflected within receivables and credit loss reserves carried at the lower of amortized cost or fair value of the collateral less cost to sell in the table above.