Finance Receivables (Tables)

3 Months Ended

Sep. 30, 2012

Finance receivable balances were as follows (in millions):



	September 30, 2012			December 31, 2011
Automotive sector (a)	$	733		$	355
Financial Services sector	72,598			73,330
Reclassification of receivables purchased by Financial Services sector from Automotive sector to Other receivables, net	(4,999		)	(3,709		)
Finance receivables, net	$	68,332		$	69,976

__________


(a)	Finance receivables are reported on our sector balance sheet in Receivables, less allowances and Other assets.

Notes receivable, net were as follows (in millions):



	September 30, 2012			December 31, 2011
Notes receivable	$	760		$	384
Less: Allowance for credit losses	(27		)	(29		)
Notes receivable, net	$	733		$	355

Finance receivables, net were as follows (in millions):



	September 30, 2012									December 31, 2011
	North America			International			Total Finance Receivables			North America			International			Total Finance Receivables
Consumer
Retail, gross	$	39,279		$	8,261		$	47,540		$	38,406		$	8,400		$	46,806
Less: Unearned interest supplements	(1,326		)	(215		)	(1,541		)	(1,407		)	(219		)	(1,626		)
Retail	37,953			8,046			45,999			36,999			8,181			45,180
Direct financing leases, gross	31			2,265			2,296			4			2,683			2,687
Less: Unearned interest supplements	—			(88		)	(88		)	—			(116		)	(116		)
Direct financing leases	31			2,177			2,208			4			2,567			2,571
Consumer finance receivables	$	37,984		$	10,223		$	48,207		$	37,003		$	10,748		$	47,751
Non-Consumer
Wholesale	$	15,517		$	6,792		$	22,309		$	15,413		$	8,416		$	23,829
Dealer loans	1,146			58			1,204			1,088			63			1,151
Other	878			394			1,272			723			377			1,100
Non-Consumer finance receivables	17,541			7,244			24,785			17,224			8,856			26,080
Total recorded investment	$	55,525		$	17,467		$	72,992		$	54,227		$	19,604		$	73,831

Recorded investment in finance receivables	$	55,525		$	17,467		$	72,992		$	54,227		$	19,604		$	73,831
Less: Allowance for credit losses	(298		)	(96		)	(394		)	(388		)	(113		)	(501		)
Finance receivables, net	$	55,227		$	17,371		$	72,598		$	53,839		$	19,491		$	73,330

Net finance receivables subject to fair value (a)							$	70,388								$	70,754
Fair value							72,296									72,294

__________


(a)	At September 30, 2012 and December 31, 2011, excludes $2.2 billion and $2.6 billion, respectively, of certain receivables (primarily direct financing leases) that are not subject to fair value disclosure requirements. All finance receivables are categorized within Level 3 of the fair value hierarchy. See Note 3 for additional information.

The aging analysis of our Financial Services sector finance receivables balances at September 30, 2012 was as follows (in millions):



	31-60 Days Past Due		61-90 Days Past Due		91-120 Days Past Due		Greater Than 120 Days Past Due		Total Past Due		Current		Total Finance Receivables
North America
Consumer
Retail	$	625	$	72	$	20	$	55	$	772	$	37,181	$	37,953
Direct financing leases	—		—		—		—		—		31		31
Non-Consumer
Wholesale	—		1		1		2		4		15,513		15,517
Dealer loans	3		4		4		11		22		1,124		1,146
Other	—		—		—		—		—		878		878
Total North America recorded investment	628		77		25		68		798		54,727		55,525

International
Consumer
Retail	34		18		10		28		90		7,956		8,046
Direct financing leases	6		3		2		3		14		2,163		2,177
Non-Consumer
Wholesale	1		—		—		4		5		6,787		6,792
Dealer loans	—		—		—		1		1		57		58
Other	—		—		—		2		2		392		394
Total International recorded investment	41		21		12		38		112		17,355		17,467
Total recorded investment	$	669	$	98	$	37	$	106	$	910	$	72,082	$	72,992

Consumer [Member]

The credit quality analysis of our Financial Services sector consumer receivables portfolio was as follows (in millions):



	September 30, 2012				December 31, 2011
	Retail		Direct Financing Leases		Retail		Direct Financing Leases
North America
Pass	$	37,806	$	31	$	36,839	$	4
Special Mention	92		—		90		—
Substandard	55		—		70		—
Total North America recorded investment	37,953		31		36,999		4

International
Pass	7,990		2,169		8,107		2,559
Special Mention	28		5		34		5
Substandard	28		3		40		3
Total International recorded investment	8,046		2,177		8,181		2,567
Total recorded investment	$	45,999	$	2,208	$	45,180	$	2,571

Non-consumer [Member]

The credit quality analysis of wholesale and dealer loan receivables was as follows (in millions):



	September 30, 2012				December 31, 2011
	Wholesale		Dealer Loan		Wholesale		Dealer Loan
North America
Group I	$	12,934	$	943	$	12,645	$	861
Group II	2,322		149		2,489		165
Group III	247		48		273		58
Group IV	14		6		6		4
Total North America recorded investment	15,517		1,146		15,413		1,088

International
Group I	4,356		38		5,115		42
Group II	1,352		10		1,965		10
Group III	1,080		9		1,327		10
Group IV	4		1		9		1
Total International recorded investment	6,792		58		8,416		63
Total recorded investment	$	22,309	$	1,204	$	23,829	$	1,151