Ford 2011 Annual Report Download - page 121
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Notes to the Financial Statements
Ford Motor Company | 2011 Annual Report 119
NOTE 9. ALLOWANCE FOR CREDIT LOSSES (Continued)
Following is an analysis of the allowance for credit losses related to finance receivables and investment in operating
leases for the years ended December 31 (in millions):
Allowance for credit losses
Beginning balance
Charge-offs
Recoveries
Provision for credit losses
Other (a)
Ending balance
Analysis of ending balance of allowance for
credit losses
Collective impairment allowance
Specific impairment allowance
Ending balance
Analysis of ending balance of finance receivables
and net investment in operating leases
Collectively evaluated for impairment
Specifically evaluated for impairment
Recorded investment (b)
Ending balance, net of allowance for credit losses
2011
Finance Receivables
Consumer
$707
(405)
207
(51)
(1)
$457
$441
16
$457
$47,364
387
$47,751
$47,294
Non-consumer
$70
(11)
7
(22)
—
$44
$36
8
$44
$26,016
64
$26,080
$26,036
Total
$777
(416)
214
(73)
(1)
$501
$477
24
$501
$73,380
451
$73,831
$73,330
Net Investment
in
Operating
Leases
$87
(89)
86
(44)
—
$40
$40
—
$40
$11,522
—
$11,522
$11,482
Total
Allowance
$864
(505)
300
(117)
(1)
$541
$517
24
$541
__________
(a) Primarily represents amounts related to translation adjustments.
(b) Finance receivables and net investment in operating leases before allowance for credit losses.
Allowance for credit losses
Beginning balance
Charge-offs
Recoveries
Provision for credit losses
Other (a)
Ending balance
Analysis of ending balance of allowance for
credit losses
Collective impairment allowance
Specific impairment allowance
Ending balance
Analysis of ending balance of finance receivables
and net investment in operating leases
Collectively evaluated for impairment
Specifically evaluated for impairment
Recorded investment (b)
Ending balance, net of allowance for credit losses
2010
Finance Receivables
Consumer
$1,271
(606)
247
(195)
(10)
$707
$707
—
$707
$49,640
—
$49,640
$48,933
Non-consumer
$80
(41)
34
(2)
(1)
$70
$58
12
$70
$24,300
102
$24,402
$24,332
Total
$1,351
(647)
281
(197)
(11)
$777
$765
12
$777
$73,940
102
$74,042
$73,265
Net Investment
in
Operating
Leases
$214
(200)
138
(65)
—
$87
$87
—
$87
$10,480
—
$10,480
$10,393
Total
Allowance
$ 1,565
(847)
419
(262)
(11)
$864
$852
12
$864
__________
(a) Primarily represents amounts related to translation adjustments.
(b) Finance receivables and net investment in operating leases before allowance for credit losses.