American Express 2015 Annual Report Download - page 184
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The following table summarizes the changes to the Company’s allowance for other loan losses. The table
segregates such changes between U.S. and non-U.S. borrowers.
Years Ended December 31, (Millions, except percentages) 2015 2014 2013 2012 2011
Other loans
Allowance for loan losses at beginning of year
U.S. loans .............................................................. $8$8 $ 8 $3 $ 2
Non-U.S. loans .......................................................... 45121522
Total allowance for losses ................................................ 12 13 20 18 24
Provisions for other loan losses (a)
U.S. loans .............................................................. 21 5362
Non-U.S. loans .......................................................... 134711
Total provisions for other loan losses .................................. 22 8 7 13 13
Write-offs
U.S. loans .............................................................. (15) (7) (7) (1) (2)
Non-U.S. loans .......................................................... (3) (7) (13) (16) (24)
Total write-offs ...................................................... (18) (14) (20) (17) (26)
Recoveries
U.S. loans .............................................................. 324—1
Non-U.S. loans .......................................................... 13356
Total recoveries ...................................................... 45757
Net write-offs ............................................................ (14) (9) (13) (12) (19)
Other (b)
Non-U.S. loans .......................................................... —— (1) 1 —
Total other .............................................................. —— (1) 1 —
Allowance for loan losses at end of year
U.S. loans .............................................................. 17 8883
Non-U.S. loans .......................................................... 34 5 12 15
Total allowance for losses ................................................ $20 $ 12 $ 13 $ 20 $ 18
Net write-offs/average other loans outstanding (c) ......................... 1.3% 1.2% 2.3% 2.5% 4.7%
(a) Provisions for other loan losses are determined based on a specific identification methodology and models that analyze specific portfolio
statistics.
(b) Includes primarily foreign currency translation adjustments.
(c) The net write-off rate presented is on a worldwide basis and is based on write-offs of principal, interest and fees. Average other loans
outstanding are based on month end balances.
A-11