FINANCIAL SERVICES SECTOR ALLOWANCE FOR CREDIT LOSSES
An analysis of the allowance for credit losses related to finance receivables for the periods ended March 31 was as follows (in millions): | | | | | | | | | | | | | | First Quarter 2015 | | Consumer | | Non-Consumer | | Total | Allowance for credit losses | | | | | | Beginning balance | $ | 305 |
| | $ | 16 |
| | $ | 321 |
| Charge-offs | (80 | ) | | 1 |
| | (79 | ) | Recoveries | 30 |
| | 2 |
| | 32 |
| Provision for credit losses | 53 |
| | (4 | ) | | 49 |
| Other (a) | (7 | ) | | (2 | ) | | (9 | ) | Ending balance (b) | $ | 301 |
| | $ | 13 |
| | $ | 314 |
| | | | | | | Analysis of ending balance of allowance for credit losses
| | | | | Collective impairment allowance | $ | 280 |
| | $ | 12 |
| | $ | 292 |
| Specific impairment allowance | 21 |
| | 1 |
| | 22 |
| Ending balance (b) | 301 |
| | 13 |
| | 314 |
| | | | | | | Analysis of ending balance of finance receivables | | | | | | Collectively evaluated for impairment | 53,135 |
| | 32,356 |
| | 85,491 |
| Specifically evaluated for impairment | 396 |
| | 126 |
| | 522 |
| Recorded investment | 53,531 |
| | 32,482 |
| | 86,013 |
| | | | | | | Ending balance, net of allowance for credit losses | $ | 53,230 |
| | $ | 32,469 |
| | $ | 85,699 |
|
__________ | | (a) | Primarily represents amounts related to translation adjustments. |
| | (b) | Total allowance, including reserves for operating leases, was $355 million. |
| | | | | | | | | | | | | | First Quarter 2014 | | Consumer | | Non-Consumer | | Total | Allowance for credit losses | | | | | | Beginning balance | $ | 327 |
| | $ | 30 |
| | $ | 357 |
| Charge-offs | (75 | ) | | (2 | ) | | (77 | ) | Recoveries | 34 |
| | 5 |
| | 39 |
| Provision for credit losses | 23 |
| | (7 | ) | | 16 |
| Other (a) | (2 | ) | | 1 |
| | (1 | ) | Ending balance (b) | $ | 307 |
| | $ | 27 |
| | $ | 334 |
| | | | | | | Analysis of ending balance of allowance for credit losses
| | | | | Collective impairment allowance | $ | 284 |
| | $ | 24 |
| | $ | 308 |
| Specific impairment allowance | 23 |
| | 3 |
| | 26 |
| Ending balance (b) | 307 |
| | 27 |
| | 334 |
| | | | | | | Analysis of ending balance of finance receivables | | | | | | Collectively evaluated for impairment | 50,116 |
| | 33,012 |
| | 83,128 |
| Specifically evaluated for impairment | 424 |
| | 92 |
| | 516 |
| Recorded investment | 50,540 |
| | 33,104 |
| | 83,644 |
| | | | | | | Ending balance, net of allowance for credit losses | $ | 50,233 |
| | $ | 33,077 |
| | $ | 83,310 |
|
__________ | | (a) | Primarily represents amounts related to translation adjustments. |
| | (b) | Total allowance, including reserves for operating leases, was $358 million. |
|