XML 94 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
GECC Financing Receivables and Allowance for Losses on Financing Receivables (Tables)
9 Months Ended
Sep. 30, 2013
Loans and Leases Receivable Disclosure [Abstract]  
GECC financing receivables
 At
 September 30, December 31,
(In millions)2013 2012
      
Loans, net of deferred income(a)$ 229,639 $ 241,465
Investment in financing leases, net of deferred income  29,736   32,471
   259,375   273,936
Less allowance for losses  (5,152)   (4,985)
Financing receivables – net(b)$ 254,223 $ 268,951
      
      

  • Deferred income was $1,963 million and $2,182 million at September 30, 2013 and December 31, 2012, respectively.
  • Financing receivables at September 30, 2013 and December 31, 2012 included $582 million and $750 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.

 

Financing receivables
  
 September 30, December 31,
(In millions)2013 2012
      
Commercial     
CLL     
Americas$ 69,240 $ 72,517
Europe(a)  35,529   37,037
Asia  9,573   11,401
Other(a)  468   603
Total CLL  114,810   121,558
      
Energy Financial Services  4,367   4,851
      
GE Capital Aviation Services (GECAS)  9,642   10,915
      
Other  393   486
Total Commercial  129,212   137,810
      
Real Estate  18,966   20,946
      
Consumer     
Non-U.S. residential mortgages  31,142   33,451
Non-U.S. installment and revolving credit  17,305   18,546
U.S. installment and revolving credit  51,799   50,853
Non-U.S. auto  3,524   4,260
Other  7,427   8,070
Total Consumer  111,197   115,180
      
Total financing receivables  259,375   273,936
      
Less allowance for losses  (5,152)   (4,985)
Total financing receivables – net$ 254,223 $ 268,951
      
      

  • During the third quarter of 2013, we transferred our European equipment services portfolio from CLL Other to CLL Europe. Prior-period amounts were reclassified to conform to the current period presentation. 
Schedule of allowance for losses
Allowance for Losses on Financing Receivables           
                  
 Balance at Provision       Balance at
 January 1, charged to    Gross   September 30,
(In millions)2013 operations Other(a)write-offs(b)Recoveries(b)2013
                  
Commercial                 
CLL                 
Americas$ 490 $ 206 $ (1) $ (316) $ 91 $ 470
Europe  445   205   -   (369)   61   342
Asia  80   60   (9)   (65)   9   75
Other  6   (3)   -   (3)   -   -
Total CLL  1,021   468   (10)   (753)   161   887
                  
Energy Financial                 
    Services  9   2   -   -   -   11
                  
GECAS  8   2   -   -   -   10
                  
Other  3   (1)   -   (2)   2   2
Total Commercial  1,041   471   (10)   (755)   163   910
                  
Real Estate  320   (21)   (5)   (133)   9   170
                  
Consumer                 
Non-U.S. residential                 
   mortgages  480   137   (2)   (216)   40   439
Non-U.S. installment                 
   and revolving                  
   credit  623   405   (42)   (727)   403   662
U.S. installment and                 
   revolving credit  2,282   2,198   (50)   (2,118)   409   2,721
Non-U.S. auto  67   51   (11)   (96)   56   67
Other  172   97   4   (149)   59   183
Total Consumer  3,624   2,888   (101)   (3,306)   967   4,072
Total$ 4,985 $ 3,338 $ (116) $ (4,194) $ 1,139 $ 5,152
                  
                  

  • Other primarily included the effects of currency exchange.
  • Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.

 

 Balance at Provision       Balance at
 January 1, charged to    Gross   September 30,
(In millions)2012 operations Other(a)write-offs(b)Recoveries(b)2012
                  
Commercial                 
CLL                 
Americas$ 889 $ 67 $ (43) $ (423) $ 77 $ 567
Europe  400   271   (3)   (142)   48   574
Asia  157   13   (1)   (117)   20   72
Other  4   9   (1)   (10)   -   2
Total CLL  1,450   360   (48)   (692)   145   1,215
                  
Energy Financial                 
    Services  26   8   -   (24)   3   13
                  
GECAS  17   7   (1)   (11)   -   12
                  
Other  37   3   (19)   (13)   1   9
Total Commercial  1,530   378   (68)   (740)   149   1,249
                  
Real Estate  1,089   101   (7)   (455)   8   736
                  
Consumer                 
Non-U.S. residential                 
   mortgages  546   66   5   (213)   63   467
Non-U.S. installment                 
   and revolving credit  717   270   22   (798)   443   654
U.S. installment and                 
   revolving credit  2,008   1,807   (18)   (2,140)   373   2,030
Non-U.S. auto  101   18   (7)   (110)   71   73
Other  199   88   15   (193)   62   171
Total Consumer  3,571   2,249   17   (3,454)   1,012   3,395
Total$ 6,190 $ 2,728 $ (58) $ (4,649) $ 1,169 $ 5,380
                  
                  

  • Other primarily included transfers to held for sale and the effects of currency exchange.
  • Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.