FINANCING RECEIVABLES AND ALLOWANCES

12 Months Ended

Dec. 31, 2020

NOTE 5. FINANCING RECEIVABLES AND ALLOWANCES


	Consolidated				GE Capital
December 31	2020		2019		2020		2019
Loans, net of deferred income	$	1,300	$	1,098	$	5,124	$	4,927
Allowance for losses	(36)		(21)		(13)		(5)
Current financing receivables - net	1,265		1,077		5,110		4,922
Investment in financing leases, net of deferred income	1,805		2,070		1,805		2,070
Allowance for losses	(34)		(12)		(34)		(12)
Non-current financing receivables - net	1,771		2,057		1,771		2,057
Total financing receivables – net	$	3,036	$	3,134	$	6,882	$	6,979

Cash flows associated with GE Capital financing receivables are as follows:


For the years ended December 31	2020		2019
Increase in loans to customers	$	(15,155)	$	(15,022)
Principal collections from customers - loans	15,311		18,083
Sales of financing receivables and other	42		328
Net decrease (increase) in GE Capital financing receivables	$	199	$	3,389

Consolidated finance lease income was $144 million, $173 million and $275 million for the years ended December 31, 2020, 2019 and 2018, respectively.


NET INVESTMENT IN FINANCING LEASES	Total financing leases				Direct financing and sales type leases(a)				Leveraged leases
December 31	2020		2019		2020		2019		2020		2019
Total minimum lease payments receivable	$	1,202	$	1,628	$	654	799		$	548	$	829
Less principal and interest on third-party non-recourse debt	(83)		(216)		—		—		(83)		(216)
Net minimum lease payments receivable	1,119		1,412		654		799		465		613
Less deferred income	(133)		(178)		(99)		(139)		(34)		(39)
Discounted lease receivable	986		1,234		556		660		431		574
Estimated unguaranteed residual value of leased assets, net of deferred income	819		835		472		412		347		423
Investment in financing leases, net of deferred income(b)	$	1,805	$	2,070	$	1,028	$	1,072	$	777	$	997

(a) Included $506 million of investment in sales type leases at both December 31, 2020 and 2019.

(b) See Note 15 for deferred tax amounts related to financing leases.


CONTRACTUAL MATURITIES, DUE IN	2021		2022		2023		2024		2025		Thereafter		Total
Total loans	$	4,199	$	261	$	142	$	134	$	318	$	68	$	5,124
Net minimum lease payments receivable	294		200		281		193		68		83		1,119

We expect actual maturities to differ from contractual maturities, primarily as a result of prepayments.

We manage our GE Capital financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At December 31, 2020, 5.7%, 5.0% and 5.3% 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, 2019, 4.2%, 2.9% and 6.1% of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively.

GE Capital financing receivables that comprise receivables purchased from GE Industrial are reclassified to either Current receivables or All other assets in the consolidated Statement of Financial Position. To the extent these receivables are purchased with full or limited recourse, they are excluded from the delinquency and nonaccrual data above. See Note 4 for further information.