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GE Capital Financing Receivables and Allowance for Losses on Financing Receivables
9 Months Ended
Sep. 30, 2016
Financing Receivables And Allowance For Losses [Abstract]  
Financing Receivables And Allowance For Losses On Financing Receivables

NOTE 5. GE Capital FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

FINANCING RECEIVABLES, NET
(In millions)September 30, 2016December 31, 2015
Loans, net of deferred income$20,090$20,115
Investment in financing leases, net of deferred income4,9634,969
25,05425,084
Allowance for losses(65)(81)
Financing receivables – net(a)$24,989$25,003

(a) Included $12,942 million and $12,892 million of receivables sold by GE to GE Capital at September 30, 2016 and December 31, 2015, respectively.

ALLOWANCE FOR LOSSES
(In millions)20162015
Balance at January 1$81$93
Provision1240
Net write-offs(28)(48)
Other(a)--
Balance at September 30$65$85

(a) Other primarily includes the effects of currency exchange.

We manage our financing receivable portfolio using delinquency and nonaccrual data as key performance indicators. At September 30, 2016, $1,061 million (4.2%), $540 million (2.2%) and $345 million (1.4%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $345 million of nonaccrual financing receivables at September 30, 2016, primarily related to aviation financing, $90 million are currently paying in accordance with the contractual terms. At December 31, 2015, $622 million (2.5%), $201 million (0.8%) and $256 million (1.0%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively.

The recorded investment in impaired loans at September 30, 2016 and December 31, 2015 was $270 million and $175 million, respectively, and was primarily related to aviation financing. The method used to measure impairment for these loans is primarily based on collateral value. At September 30, 2016, troubled debt restructurings included in impaired loans were $182 million, the vast majority related to aviation financing.