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

3 Months Ended

Mar. 31, 2015

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

FINANCING RECEIVABLES, NET

(in millions)	March 31, 2015		December 31, 2014

Loans, net of deferred income	$	76,066	$	197,949
Investment in financing leases, net of deferred income		5,347		24,347
		81,413		222,296
Allowance for losses		(3,349)		(4,914)
Financing receivables – net(a)	$	78,064	$	217,382

(a) Financing receivables at December 31, 2014 included $209 million relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination. There were no such amounts at March 31, 2015.

Schedule Of Financing Receivables By Portfolio

FINANCING RECEIVABLES

(in millions)	March 31, 2015			December 31, 2014

Commercial
CLL	$	12,555	(a)	$	110,503
Energy Financial Services		2,666			2,580
GE Capital Aviation Services (GECAS)		7,817			8,263
Other		127			130
Total Commercial		23,165			121,476
Consumer		58,248	(b)		100,820
Total financing receivables		81,413			222,296
Allowance for losses		(3,349)			(4,914)
Total financing receivables – net	$	78,064		$	217,382

Includes Healthcare Equipment Finance and Working Capital Solutions, a business that purchases GE customer receivables.
Includes Synchrony Financial, our U.S. consumer business.

Schedule of allowance for losses

ALLOWANCE FOR LOSSES

			Provision
	Balance at		charged to					Gross						Balance at
(In millions)	January 1		operations(a)		Other		(b)	write-offs		(a)(c)	Recoveries		(c)	March 31

2015
Commercial
CLL	$	831	$	1,749	$	(250)		$	(2,345)		$	50		$	35
Energy Financial Services		26		7		(1)			(15)			-			17
GECAS		46		(4)		-			-			-			42
Total Commercial		903		1,752		(251)			(2,360)			50			94
Consumer		4,011		3,107		(274)			(3,885)			296			3,255
Total	$	4,914	$	4,859	$	(525)		$	(6,245)		$	346		$	3,349

2014
Commercial
CLL	$	978	$	102	$	1	$	(256)	$	43	$	868
Energy Financial Services		8		9		-		(2)		1		16
GECAS		17		8		-		-		-		25
Other		2		(1)		(1)		-		-		-
Total Commercial		1,005		118		-		(258)		44		909
Consumer		3,981		866		16		(1,083)		280		4,060
Total	$	4,986	$	984	$	16	$	(1,341)	$	324	$	4,969

Provision charged to operations included $3,955 million and gross write-offs included $5,072 million related to the effects of the 2015 reclassification of financing receivables to financing receivables held for sale recorded at the lower of cost or fair value, less cost to sell.
Other primarily includes the 2015 reclassification of financing receivables to assets of businesses 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.