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Finance Receivables (Tables)
 9 Months Ended
Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Finance Receivables, Net
 
September 30, 2018
 
December 31, 2017

Retail finance receivables
 
 
 
Retail finance receivables, collectively evaluated for impairment, net of fees
$
35,567

 
$
30,574

Retail finance receivables, individually evaluated for impairment, net of fees
2,308

 
2,228

Total retail finance receivables, net of fees(a)
37,875

 
32,802

Less: allowance for loan losses - collective
(522
)
 
(561
)
Less: allowance for loan losses - specific
(317
)
 
(328
)
Total retail finance receivables, net
37,036

 
31,913

Commercial finance receivables
 
 
 
Commercial finance receivables, collectively evaluated for impairment, net of fees
11,038

 
10,290

Commercial finance receivables, individually evaluated for impairment, net of fees
67

 
22

Total commercial finance receivables, net of fees
11,105

 
10,312

Less: allowance for loan losses - collective
(53
)
 
(50
)
Less: allowance for loan losses - specific
(8
)
 
(3
)
Total commercial finance receivables, net
11,044

 
10,259

Total finance receivables, net
$
48,080

 
$
42,172

Fair value utilizing Level 2 inputs
$
11,044

 
10,259

Fair value utilizing Level 3 inputs
$
36,676

 
$
31,919

________________
(a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs of $104 million and $228 million at September 30, 2018 and December 31, 2017.
Allowance for Credit Losses on Financing Receivables
Retail Finance Receivables
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Allowance for retail loan losses beginning balance
$
815

 
$
844

 
$
889

 
$
765

Provision for loan losses
176

 
204

 
434

 
563

Charge-offs
(285
)
 
(286
)
 
(878
)
 
(856
)
Recoveries
130

 
135

 
398

 
420

Foreign currency translation
3

 
2

 
(4
)
 
7

Allowance for retail loan losses ending balance
$
839

 
$
899

 
$
839

 
$
899
Financing Receivable Credit Quality Indicators
A summary of the credit risk profile by FICO or equivalent scores, determined at origination, of the retail finance receivables is as follows:
 
September 30, 2018
 
December 31, 2017
 
Amount
 
Percent
 
Amount
 
Percent
Prime - FICO Score 680 and greater
$
21,765

 
57.5
%
 
$
16,892

 
51.5
%
Near-prime - FICO Score 620 to 679
5,879

 
15.5

 
5,226

 
15.9

Sub-prime - FICO Score less than 620
10,231

 
27.0

 
10,684

 
32.6

Balance at end of period
$
37,875

 
100.0
%
 
$
32,802

 
100.0
%
Past Due Financing Receivables
The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables, which is not significantly different than the recorded investment for such receivables.
 
September 30, 2018
 
September 30, 2017
 
Amount
 
Percent of Contractual Amount Due
 
Amount
 
Percent of Contractual Amount Due
31 - 60 days
$
1,302

 
3.4
%
 
$
1,176

 
3.6
%
Greater than 60 days
498

 
1.3

 
521

 
1.6

Total finance receivables more than 30 days delinquent
1,800

 
4.7

 
1,697

 
5.2

In repossession
53

 
0.2

 
55

 
0.2

Total finance receivables more than 30 days delinquent or in repossession
$
1,853

 
4.9
%
 
$
1,752

 
5.4
%
Troubled Debt Restructurings on Financing Receivables
The outstanding recorded investment for retail finance receivables that are considered to be TDRs and the related allowance is presented below:
 
September 30, 2018
 
December 31, 2017
Outstanding recorded investment
$
2,308

 
$
2,228

Less: allowance for loan losses
(317
)
 
(328
)
Outstanding recorded investment, net of allowance
$
1,991

 
$
1,900

Unpaid principal balance
$
2,341

 
$
2,266

Additional information about loans classified as TDRs is presented below:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Average outstanding recorded investment
$
2,293

 
$
2,091

 
$
2,268

 
$
2,045

Finance charge income recognized
$
59

 
$
56

 
$
185

 
$
173

Number of loans classified as TDRs during the period
17,924

 
23,015

 
51,020

 
56,853

Recorded investment of loans classified as TDRs during the period
$
319

 
$
407

 
$
932

 
$
997
Financing Receivable Credit Quality Indicators for Commercial Lending
The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables: 
 
 
 
September 30, 2018
 
December 31, 2017
 
 
 
Amount
 
Percent
 
Amount
 
Percent
Group I
-
Dealers with superior financial metrics
$
2,109

 
19.0
%
 
$
1,915

 
18.6
%
Group II
-
Dealers with strong financial metrics
3,989

 
35.9

 
3,584

 
34.7

Group III
-
Dealers with fair financial metrics
3,413

 
30.7

 
3,424

 
33.2

Group IV
-
Dealers with weak financial metrics
1,021

 
9.2

 
1,048

 
10.2

Group V
-
Dealers warranting special mention due to elevated risks
466

 
4.2

 
260

 
2.5

Group VI
-
Dealers with loans classified as substandard, doubtful or impaired
107

 
1.0

 
81

 
0.8

Balance at end of period
$
11,105

 
100.0
%
 
$
10,312

 
100.0
%