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Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2012
Allowance For Credit Losses [Abstract]  
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES

Automotive Sector

Following is an analysis of the allowance for credit losses for the periods ended March 31 (in millions):
 
First Quarter
 
2012
 
2011
Allowance for credit losses
 
 
 
Beginning balance
$
29

 
$
120

Charge-offs
—

 
—

Recoveries
(2
)
 
—

Provision for credit losses
—

 
2

Other
7

 
(21
)
Ending balance
$
34

 
$
101



NOTE 6. ALLOWANCE FOR CREDIT LOSSES (Continued)

Financial Services Sector

Following is an analysis of the allowance for credit losses related to finance receivables and investment in operating leases for the periods ended March 31 (in millions):
 
First Quarter 2012
 
Finance Receivables
 
Net Investment in
Operating Leases
 
 
 
Consumer
 
Non-consumer
 
Total
 
 
Total Allowance
Allowance for credit losses
 
 
 
 
 
 
 
 
 
Beginning balance
$
457

 
$
44

 
$
501

 
$
40

 
$
541

Charge-offs
(85
)
 
(4
)
 
(89
)
 
(13
)
 
(102
)
Recoveries
47

 
5

 
52

 
14

 
66

Provision for credit losses
2

 
(18
)
 
(16
)
 
(8
)
 
(24
)
Other (a)
3

 
1

 
4

 
—

 
4

Ending balance
$
424

 
$
28

 
$
452

 
$
33

 
$
485

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of allowance for
credit losses
 

 
 

 
 

 
 

 
 

Collective impairment allowance
$
407

 
$
21

 
$
428

 
$
33

 
$
461

Specific impairment allowance
17

 
7

 
24

 
—

 
24

Ending balance
$
424

 
$
28

 
$
452

 
$
33

 
$
485

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of finance receivables and net investment in operating leases
 

 
 

 
 

 
 

 
 

Collectively evaluated for impairment
$
47,455

 
$
26,444

 
$
73,899

 
$
12,350

 
 

Specifically evaluated for impairment
394

 
70

 
464

 
—

 
 

Recorded investment (b)
$
47,849

 
$
26,514

 
$
74,363

 
$
12,350

 
 

 
 
 
 
 
 
 
 
 
 
Ending balance, net of allowance for credit losses
$
47,425

 
$
26,486

 
$
73,911

 
$
12,317

 
 

 __________
(a)
Represents amounts related to translation adjustments.
(b)
Represents finance receivables and net investment in operating leases before allowance for credit losses.
 
First Quarter 2011
 
Finance Receivables
 
Net Investment in
Operating Leases
 
 
 
Consumer
 
Non-consumer
 
Total
 
 
Total Allowance
Allowance for credit losses
 
 
 
 
 
 
 
 
 
Beginning balance
$
707

 
$
70

 
$
777

 
$
87

 
$
864

Charge-offs
(113
)
 
2

 
(111
)
 
(29
)
 
(140
)
Recoveries
57

 
2

 
59

 
25

 
84

Provision for credit losses
(30
)
 
(25
)
 
(55
)
 
(9
)
 
(64
)
Other (a)
7

 
1

 
8

 
1

 
9

Ending balance
$
628

 
$
50

 
$
678

 
$
75

 
$
753

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of allowance for
credit losses
 

 
 

 
 

 
 

 
 

Collective impairment allowance
$
628

 
$
41

 
$
669

 
$
75

 
$
744

Specific impairment allowance
—

 
9

 
9

 
—

 
9

Ending balance
$
628

 
$
50

 
$
678

 
$
75

 
$
753

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of finance receivables and net investment in operating leases
 

 
 

 
 

 
 

 
 

Collectively evaluated for impairment
$
49,395

 
$
26,370

 
$
75,765

 
$
10,467

 
 

Specifically evaluated for impairment
—

 
112

 
112

 
—

 
 

Recorded investment (b)
$
49,395

 
$
26,482

 
$
75,877

 
$
10,467

 
 

 
 
 
 
 
 
 
 
 
 
Ending balance, net of allowance for credit losses
$
48,767

 
$
26,432

 
$
75,199

 
$
10,392

 
 

 __________
(a)
Represents amounts related to translation adjustments.
(b)
Represents finance receivables and net investment in operating leases before allowance for credit losses.