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

12 Months Ended

Dec. 31, 2014

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

FINANCING RECEIVABLES, NET

December 31 (In millions)	2014		2013

Loans, net of deferred income	$	217,614	$	231,268
Investment in financing leases, net of deferred income		24,479		26,939
		242,093		258,207
Allowance for losses		(5,075)		(5,178)
Financing receivables – net(a)	$	237,018	$	253,029

(a) Financing receivables at December 31, 2014 and 2013 included $264 million and $544 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.

Net Investment In Financing Leases

NET INVESTMENT IN FINANCING LEASES

	Total financing leases				Direct financing leases(a)				Leveraged leases(b)
December 31 (In millions)	2014		2013		2014		2013		2014		2013

Total minimum lease payments receivable	$	26,701	$	29,970	$	22,133	$	24,571	$	4,568	$	5,399
Less principal and interest on third-party
non-recourse debt		(2,812)		(3,480)		-		-		(2,812)		(3,480)
Net rentals receivables		23,889		26,490		22,133		24,571		1,756		1,919
Estimated unguaranteed residual value
of leased assets		4,268		5,073		2,529		3,067		1,739		2,006
Less deferred income		(3,678)		(4,624)		(2,759)		(3,560)		(919)		(1,064)
Investment in financing leases, net of
deferred income		24,479		26,939		21,903		24,078		2,576		2,861
Less amounts to arrive at net investment
Allowance for losses		(181)		(202)		(166)		(192)		(15)		(10)
Deferred taxes		(4,046)		(4,075)		(2,250)		(1,783)		(1,796)		(2,292)
Net investment in financing leases	$	20,252	$	22,662	$	19,487	$	22,103	$	765	$	559

Included $284 million and $317 million of initial direct costs on direct financing leases at December 31, 2014 and 2013, respectively.
Included pre-tax income of $112 million and $31 million and income tax of $43 million and $11 million during 2014 and 2013, respectively. Net investment credits recognized on leveraged leases during 2014 and 2013 were insignificant.

Contractual Maturities

CONTRACTUAL MATURITIES

	Total		Net rentals
(In millions)	loans		receivable

Due in
2015	$	52,175	$	8,012
2016		18,663		5,440
2017		19,712		3,752
2018		14,034		2,564
2019		13,097		1,513
2020 and later		35,069		2,608
		152,750		23,889
Consumer revolving loans		64,864		-
Total	$	217,614	$	23,889

Schedule Of Financing Receivables By Portfolio

FINANCING RECEIVABLES

(In millions)	2014		2013

Commercial
CLL
Americas	$	67,096	$	69,036
International		43,407		47,431
Total CLL		110,503		116,467
Energy Financial Services		2,580		3,107
GE Capital Aviation Services (GECAS)		8,263		9,377
Other		130		318
Total Commercial		121,476		129,269

Real Estate		19,797		19,899

Consumer
Non-U.S. residential mortgages		24,893		30,501
Non-U.S. installment and revolving credit		10,400		15,731
U.S. installment and revolving credit		59,863		55,854
Other		5,664		6,953
Total Consumer		100,820		109,039
Total financing receivables		242,093		258,207
Allowance for losses		(5,075)		(5,178)
Total financing receivables – net	$	237,018	$	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)	December 31

2014
Commercial
CLL
Americas	$	473	$	307	$	(3)		$	(422)		$	100		$	455
International		505		159		(37)			(351)			100			376
Total CLL		978		466		(40)			(773)			200			831
Energy Financial Services		8		30		(1)			(17)			6			26
GECAS		17		39		-			(10)			-			46
Other		2		-		(2)			-			-			-
Total Commercial		1,005		535		(43)			(800)			206			903

Real Estate		192		(86)		(1)			(59)			115			161

Consumer
Non-U.S. residential mortgages		358		256		(151)			(207)			69			325
Non-U.S. installment and revolving credit		650		338		(260)			(787)			458			399
U.S. installment and revolving credit		2,823		2,875		19			(3,138)			607			3,186
Other		150		75		(33)			(151)			60			101
Total Consumer		3,981		3,544		(425)			(4,283)			1,194			4,011
Total	$	5,178	$	3,993	$	(469)		$	(5,142)		$	1,515		$	5,075

2013
Commercial
CLL
Americas	$	496	$	289	$	(1)	$	(425)	$	114	$	473
International		525		445		1		(556)		90		505
Total CLL		1,021		734		-		(981)		204		978
Energy Financial Services		9		(1)		-		-		-		8
GECAS		8		9		-		-		-		17
Other		3		(1)		-		(2)		2		2
Total Commercial		1,041		741		-		(983)		206		1,005

Real Estate		320		28		(4)		(163)		11		192

Consumer
Non-U.S. residential mortgages		480		269		10		(458)		57		358
Non-U.S. installment and revolving credit		649		647		(106)		(1,093)		553		650
U.S. installment and revolving credit		2,282		3,006		(51)		(2,954)		540		2,823
Other		172		127		11		(236)		76		150
Total Consumer		3,583		4,049		(136)		(4,741)		1,226		3,981
Total	$	4,944	$	4,818	$	(140)	$	(5,887)	$	1,443	$	5,178

Other primarily included the 2014 reclassifications of Budapest Bank and GEMB-Nordic to held for sale, dispositions and the effects of currency exchange. GEMB-Nordic was subsequently sold in the fourth quarter of 2014.
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.

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)	December 31

2012
Commercial
CLL
Americas	$	893	$	122	$	(52)		$	(578)		$	111		$	496
International		557		411		(6)			(524)			87			525
Total CLL		1,450		533		(58)			(1,102)			198			1,021
Energy Financial Services		26		4		-			(24)			3			9
GECAS		17		4		-			(13)			-			8
Other		37		1		(20)			(17)			2			3
Total Commercial		1,530		542		(78)			(1,156)			203			1,041

Real Estate		1,089		72		(44)			(810)			13			320

Consumer
Non-U.S. residential mortgages		545		112		8			(261)			76			480
Non-U.S. installment and revolving credit		791		308		20			(1,120)			650			649
U.S. installment and revolving credit		2,008		2,666		(24)			(2,906)			538			2,282
Other		199		132		18			(257)			80			172
Total Consumer		3,543		3,218		22			(4,544)			1,344			3,583
Total	$	6,162	$	3,832	$	(100)		$	(6,510)		$	1,560		$	4,944

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.