XML 27 R12.htm IDEA: XBRL DOCUMENT v3.19.1
GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES
 3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES
NOTE 6. GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES
GE CAPITAL FINANCING RECEIVABLES, NET (In millions)
March 31, 2019

December 31, 2018

 
 
 
Loans, net of deferred income
$
9,620

$
10,834

Investment in financing leases, net of deferred income(a)
2,408

2,822


12,028

13,656

Allowance for losses
(21
)
(28
)
Financing receivables – net
$
12,007

$
13,628


(a)
Finance lease income was $45 million and $72 million in the three months ended March 31, 2019 and 2018, respectively.

We manage our GE Capital financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At March 31, 2019, 2.3%, 1.9% and 1.0% of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively, with the vast majority of nonaccrual financing receivables secured by collateral. At December 31, 2018, 2.4%, 1.8% and 0.9% of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively.
The GE Capital financing receivables portfolio includes $1,276 million and $1,380 million of current receivables at March 31, 2019 and December 31, 2018, respectively, which are purchased from GE with full or limited recourse. These receivables are classified within current receivables at a consolidated level and are excluded from the balance of GE Capital delinquency and nonaccrual. The portfolio also includes $571 million and $688 million of financing receivables that are guaranteed by GE, of which $101 million and $96 million of these loans are on nonaccrual at the consolidated level at March 31, 2019 and December 31, 2018, respectively. Additional allowance for loan losses of $35 million and $43 million are recorded at GE and on the consolidated level for these guaranteed loans at March 31, 2019 and December 31, 2018, respectively.