Financing Receivables and Allowance for Losses on Financing Receivables (Tables)

6 Months Ended

Jun. 30, 2014

Financing Receivables And Allowance For Losses On Financing Receivables [Abstract]


(In millions)	June 30, 2014		December 31, 2013

Loans, net of deferred income(a)	$	220,929	$	231,268
Investment in financing leases, net of deferred income		25,922		26,939
		246,851		258,207
Allowance for losses		(5,155)		(5,178)
Financing receivables – net(b)	$	241,696	$	253,029

(a) Deferred income was $1,675 million and $2,013 million at June 30, 2014 and December 31, 2013, respectively.

(b) Financing receivables at June 30, 2014 and December 31, 2013 included $391 million and $544 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.

Financing receivables


(In millions)	June 30, 2014		December 31, 2013

Commercial
CLL
Americas	$	67,688	$	69,036
International		45,555		47,431
Total CLL		113,243		116,467
Energy Financial Services		2,776		3,107
GECAS		8,440		9,377
Other		138		318
Total Commercial		124,597		129,269

Real Estate		19,799		19,899

Consumer
Non-U.S. residential mortgages		29,594		30,501
Non-U.S. installment and revolving credit		10,782		13,677
U.S. installment and revolving credit		53,365		55,854
Non-U.S. auto		1,763		2,054
Other		6,951		6,953
Total Consumer		102,455		109,039

Total financing receivables		246,851		258,207
Allowance for losses		(5,155)		(5,178)
Total financing receivables – net	$	241,696	$	253,029

Schedule of allowance for losses

Allowance for Losses on Financing Receivables

			Provision
	Balance at		charged to					Gross						Balance at
(In millions)	January 1		operations		Other		(a)	write-offs		(b)	Recoveries		(b)	June 30
2014
Commercial
CLL
Americas	$	473	$	139	$	(1)		$	(236)		$	48		$	423
International		505		75		(5)			(202)			54			427
Total CLL		978		214		(6)			(438)			102			850
Energy Financial Services		8		13		-			(2)			2			21
GECAS		17		11		-			(7)			-			21
Other		2		-		(2)			-			-			-
Total Commercial		1,005		238		(8)			(447)			104			892

Real Estate		192		(104)		1			(25)			98			162

Consumer
Non-U.S. residential mortgages		358		117		1			(81)			16			411
Non-U.S. installment and revolving credit		594		147		(71)			(393)			219			496
U.S. installment and revolving credit		2,823		1,420		18			(1,585)			277			2,953
Non-U.S. auto		56		73		2			(43)			26			114
Other		150		47		(17)			(82)			29			127
Total Consumer		3,981		1,804		(67)			(2,184)			567			4,101
Total	$	5,178	$	1,938	$	(74)		$	(2,656)		$	769		$	5,155


2013
Commercial
CLL
Americas	$	496	$	179	$	(1)	$	(252)	$	58	$	480
International		525		185		(6)		(351)		48		401
Total CLL		1,021		364		(7)		(603)		106		881
Energy Financial Services		9		(1)		0		0		0		8
GECAS		8		3		0		0		0		11
Other		3		0		0		(1)		0		2
Total Commercial		1,041		366		(7)		(604)		106		902

Real Estate		320		(19)		(3)		(65)		2		235

Consumer
Non-U.S. residential mortgages		480		126		(1)		(113)		25		517
Non-U.S. installment and revolving credit		582		228		(30)		(455)		282		607
U.S. installment and revolving credit		2,282		1,660		(50)		(1,464)		286		2,714
Non-U.S. auto		67		24		(5)		(62)		38		62
Other		172		82		9		(103)		35		195
Total Consumer		3,583		2,120		(77)		(2,197)		666		4,095
Total	$	4,944	$	2,467	$	(87)	$	(2,866)	$	774	$	5,232

(a) Other primarily includes the effects of currency exchange and the 2014 reclassification of GEMB-Nordic to held for sale.

(b) 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.