Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Finance Receivables

Finance receivables, net at December 31 for the past five years were as follows (in thousands):

	2018			2017			2016			2015			2014
Wholesale
United States	$	1,007,956		$	939,621		$	961,150		$	965,379		$	903,380
Canada	75,659			77,336			65,440			58,481			48,941
Total wholesale	1,083,615			1,016,957			1,026,590			1,023,860			952,321
Retail
United States	6,103,378			5,901,002			5,769,410			5,803,071			5,398,006
Canada	224,823			239,598			212,801			188,400			209,918
Total retail	6,328,201			6,140,600			5,982,211			5,991,471			5,607,924
	7,411,816			7,157,557			7,008,801			7,015,331			6,560,245
Allowance for credit losses	(189,885		)	(192,471		)	(173,343		)	(147,178		)	(127,364		)
Total finance receivables, net	$	7,221,931		$	6,965,086		$	6,835,458		$	6,868,153		$	6,432,881

Contractual Maturities Of Finance Receivables

On December 31, 2018, contractual maturities of finance receivables were as follows (in thousands):

	United States		Canada		Total
2019	$	2,132,189	$	122,684	$	2,254,873
2020	1,209,886		49,746		1,259,632
2021	1,289,673		53,916		1,343,589
2022	1,418,813		58,437		1,477,250
2023	1,051,626		15,699		1,067,325
Thereafter	9,147		—		9,147
Total	$	7,111,334	$	300,482	$	7,411,816

Changes In The Allowance For Finance Credit Losses On Finance Receivables

Changes in the allowance for credit losses on finance receivables by portfolio for the year ended December 31 were as follows (in thousands):

	2018
	Retail			Wholesale			Total
Balance, beginning of period	$	186,254		$	6,217		$	192,471
Provision for credit losses	105,292			1,578			106,870
Charge-offs	(154,433		)	(8		)	(154,441		)
Recoveries	44,985			—			44,985
Balance, end of period	$	182,098		$	7,787		$	189,885

	2017
	Retail			Wholesale			Total
Balance, beginning of period	$	166,810		$	6,533		$	173,343
Provision for credit losses	132,760			(316		)	132,444
Charge-offs	(160,972		)	—			(160,972		)
Recoveries	47,656			—			47,656
Balance, end of period	$	186,254		$	6,217		$	192,471

	2016
	Retail			Wholesale			Total
Balance, beginning of period	$	139,320		$	7,858		$	147,178
Provision for credit losses	137,942			(1,325		)	136,617
Charge-offs	(148,566		)	—			(148,566		)
Recoveries	41,405			—			41,405
Other (a)	(3,291		)	—			(3,291		)
Balance, end of period	$	166,810		$	6,533		$	173,343

(a) Related to the sale of finance receivables during the second quarter of 2016 with a principal balance of $301.8 million through an off-balance sheet asset-backed securitization transaction (see Note 12 for additional information).

There were no finance receivables individually evaluated for impairment on December 31, 2018 or 2017. The allowance for credit losses and finance receivables by portfolio, collectively evaluated for impairment, at December 31 was as follows (in thousands):

	2018
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	182,098		7,787		189,885
Total allowance for credit losses	$	182,098	$	7,787	$	189,885
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	6,328,201		1,083,615		7,411,816
Total finance receivables	$	6,328,201	$	1,083,615	$	7,411,816
	2017
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	186,254		6,217		192,471
Total allowance for credit losses	$	186,254	$	6,217	$	192,471
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	6,140,600		1,016,957		7,157,557
Total finance receivables	$	6,140,600	$	1,016,957	$	7,157,557

Past Due Financing Receivables

An analysis of the aging of past due finance receivables at December 31 was as follows (in thousands):

	2018
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	6,100,186	$	136,945	$	49,825	$	41,245	$	228,015	$	6,328,201
Wholesale	1,081,729		522		273		1,091		1,886		1,083,615
Total	$	7,181,915	$	137,467	$	50,098	$	42,336	$	229,901	$	7,411,816

	2017
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	5,913,473	$	139,629	$	47,539	$	39,959	$	227,127	$	6,140,600
Wholesale	1,016,000		595		245		117		957		1,016,957
Total	$	6,929,473	$	140,224	$	47,784	$	40,076	$	228,084	$	7,157,557

The recorded investment of retail and wholesale finance receivables, excluding non-accrual status finance receivables, that were contractually past due 90 days or more at December 31 for the past five years was as follows (in thousands):

	2018		2017		2016		2015		2014
United States	$	41,285	$	39,051	$	39,399	$	31,677	$	27,800
Canada	1,051		1,025		1,326		1,192		1,118
Total	$	42,336	$	40,076	$	40,725	$	32,869	$	28,918

Financing Receivable Credit Quality Indicators

The recorded investment of wholesale finance receivables, by internal credit quality indicator, at December 31 was as follows (in thousands):

	2018		2017
Doubtful	$	2,210	$	688
Substandard	9,660		3,837
Special Mention	10,299		26,866
Medium Risk	25,802		9,917
Low Risk	1,035,644		975,649
Total	$	1,083,615	$	1,016,957

The recorded investment of retail finance receivables, by credit quality indicator, at December 31 was as follows (in thousands):

	2018		2017
Prime	$	5,183,754	$	4,966,193
Sub-prime	1,144,447		1,174,407
Total	$	6,328,201	$	6,140,600