Financing Receivables and Allowance For Losses On Financing Receivables (Tables)

9 Months Ended

Sep. 30, 2012

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

Schedule of Financing Receivables

	September 30,		December 31,
(In millions)	2012		2011
Loans, net of deferred income(a)	$	242,729	$	256,895
Investment in financing leases, net of deferred income		34,274		38,142
		277,003		295,037
Less allowance for losses		(5,380)		(6,190)
Financing receivables – net(b)	$	271,623	$	288,847

• Deferred income was $2,221 million and $2,329 million at September 30, 2012and December 31, 2011, respectively.
• Financing receivables at September 30, 2012 and December 31, 2011 included $845 million and $1,062 million, respectively, of loans that were acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables.

Financing receivables

	September 30,		December 31,
(In millions)	2012		2011
Commercial
CLL
Americas	$	74,488	$	80,505
Europe		34,916		36,899
Asia		11,597		11,635
Other		659		436
Total CLL		121,660		129,475
Energy Financial Services		4,989		5,912
GECAS		11,628		11,901
Other		537		1,282
Total Commercial financing receivables		138,814		148,570
Real Estate
Debt		21,225		24,501
Business Properties		5,069		8,248
Total Real Estate financing receivables		26,294		32,749
Consumer
Non-U.S. residential mortgages		33,855		35,550
Non-U.S. installment and revolving credit		18,504		18,544
U.S. installment and revolving credit		46,939		46,689
Non-U.S. auto		4,601		5,691
Other		7,996		7,244
Total Consumer financing receivables		111,895		113,718
Total financing receivables		277,003		295,037
Less allowance for losses		(5,380)		(6,190)
Total financing receivables – net	$	271,623	$	288,847

Schedule of allowance for losses

	Balance at		Provision											Balance at
	January 1,		charged to					Gross						September 30,
(In millions)	2012		operations		Other		(a)	write-offs		(b)	Recoveries		(b)	2012
Commercial
CLL
Americas	$	889	$	67	$	(43)		$	(423)		$	77		$	567
Europe		400		271		(3)			(142)			48			574
Asia		157		13		(1)			(117)			20			72
Other		4		9		(1)			(10)			0			2
Total CLL		1,450		360		(48)			(692)			145			1,215
Energy Financial Services		26		8		0			(24)			3			13
GECAS		17		7		(1)			(11)			0			12
Other		37		3		(19)			(13)			1			9
Total Commercial		1,530		378		(68)			(740)			149			1,249
Real Estate
Debt		949		60		1			(384)			5			631
Business Properties		140		41		(8)			(71)			3			105
Total Real Estate		1,089		101		(7)			(455)			8			736
Consumer
Non-U.S. residential
mortgages		546		66		5			(213)			63			467
Non-U.S. installment
and revolving credit		717		270		22			(798)			443			654
U.S. installment and
revolving credit		2,008		1,807		(18)			(2,140)			373			2,030
Non-U.S. auto		101		18		(7)			(110)			71			73
Other		199		88		15			(193)			62			171
Total Consumer		3,571		2,249		17			(3,454)			1,012			3,395
Total	$	6,190	$	2,728	$	(58)		$	(4,649)		$	1,169		$	5,380

• 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 our revolving credit portfolios turn over more than once per year or, in all portfolios, can reflect 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.

	Balance at		Provision											Balance at
	January 1,		charged to					Gross						September 30,
(In millions)	2011		operations		Other		(a)	write-offs		(b)	Recoveries		(b)	2011
Commercial
CLL
Americas	$	1,288	$	250	$	(79)		$	(544)		$	80		$	995
Europe		429		126		17			(218)			49			403
Asia		222		81		16			(194)			25			150
Other		6		3		(4)			0			0			5
Total CLL		1,945		460		(50)			(956)			154			1,553
Energy Financial Services		22		10		0			(4)			8			36
GECAS		20		(4)		0			(2)			0			14
Other		58		13		0			(31)			3			43
Total Commercial		2,045		479		(50)			(993)			165			1,646
Real Estate
Debt		1,292		155		13			(494)			12			978
Business Properties		196		70		0			(107)			4			163
Total Real Estate		1,488		225		13			(601)			16			1,141
Consumer
Non-U.S. residential
mortgages		689		56		8			(169)			38			622
Non-U.S. installment
and revolving credit		937		413		16			(980)			430			816
U.S. installment and
revolving credit		2,333		1,587		(1)			(2,365)			399			1,953
Non-U.S. auto		168		26		7			(176)			98			123
Other		259		107		(6)			(215)			66			211
Total Consumer		4,386		2,189		24			(3,905)			1,031			3,725
Total	$	7,919	$	2,893	$	(13)		$	(5,499)		$	1,212		$	6,512

• 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 our revolving credit portfolios turn over more than once per year or, in all portfolios, can reflect 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.