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80 GE 2009 ANNUAL REPORT
    
GECS ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES
(In millions)
Balance
January 1,
2009
Provision
charged to
operations Other (a) Gross
write-offs Recoveries
Balance
December 31,
2009
CLL (b)
Americas $ 843 $ 1,399 $ (39) $(1,117) $ 93 $1,179
Europe 288 570 (16) (331) 33 544
Asia 163 257 3 (203) 24 244
Other 2 6 1 (1) — 8
CONSUMER (b)
Non-U.S. residential mortgages 383 915 78 (519) 95 952
Non-U.S. installment and revolving credit 1,051 1,835 42 (2,320) 579 1,187
U.S. installment and revolving credit 1,700 3,576 (974) (2,817) 213 1,698
Non-U.S. auto 222 408 18 (556) 220 312
Other 226 389 57 (465) 111 318
REAL ESTATE 301 1,442 13 (264) 2 1,494
ENERGY FINANCIAL SERVICES 58 33 4 (67) — 28
GECAS 60 69 (4) (18) — 107
OTHER 28 29 — (24) 1 34
Total $5,325 $10,928 $(817) $(8,702) $1,371 $8,105
(a) Other primarily included the effects of securitization activity, currency exchange and dispositions.
(b) During the first quarter of 2009, we transferred Artesia from CLL to Consumer. Prior-period amounts were reclassified to conform to the current-period’s presentation.
(In millions)
Balance
January 1,
2008
Provision
charged to
operations Other (a) Gross
write-offs Recoveries
Balance
December 31,
2008
CLL (b)
Americas $ 471 $ 909 $ 111 $ (728) $ 80 $ 843
Europe 232 309 (32) (247) 26 288
Asia 226 152 34 (256) 7 163
Other 3 2 (4) — 1 2
CONSUMER (b)
Non-U.S. residential mortgages 246 324 (38) (218) 69 383
Non-U.S. installment and revolving credit 1,371 1,748 (417) (2,551) 900 1,051
U.S. installment and revolving credit 985 3,217 (624) (2,173) 295 1,700
Non-U.S. auto 324 376 (124) (637) 283 222
Other 167 229 9 (248) 69 226
REAL ESTATE 168 135 9 (12) 1 301
ENERGY FINANCIAL SERVICES 19 36 3 — — 58
GECAS 8 53 — (1) — 60
OTHER 18 28 — (18) — 28
Total $4,238 $7,518 $(1,073) $(7,089) $1,731 $5,325
(a) Other primarily included the effects of securitization activity, currency exchange, dispositions and acquisitions.
(b) During the first quarter of 2009, we transferred Artesia from CLL to Consumer. Prior-period amounts were reclassified to conform to the current-period’s presentation.
(In millions)
Balance
January 1,
2007
Provision
charged to
operations Other (a) Gross
write-offs Recoveries
Balance
December 31,
2007
CLL (b)
Americas $ 466 $ 345 $ (9) $ (426) $ 95 $ 471
Europe 205 115 44 (171) 39 232
Asia 48 40 186 (55) 7 226
Other 3 — — — — 3
CONSUMER (b)
Non-U.S. residential mortgages 417 (139) 5 (129) 92 246
Non-U.S. installment and revolving credit 1,253 1,669 (23) (2,324) 796 1,371
U.S. installment and revolving credit 876 1,960 (703) (1,505) 357 985
Non-U.S. auto 279 279 57 (653) 362 324
Other 175 123 (3) (198) 70 167
REAL ESTATE 155 24 6 (25) 8 168
ENERGY FINANCIAL SERVICES 29 (10) — — — 19
GECAS 15 16 — (23) — 8
OTHER 24 9 — (17) 2 18
Total $3,945 $4,431 $(440) $(5,526) $1,828 $4,238
(a) Other primarily included the effects of acquisitions, currency exchange and securitization activity.
(b) During the first quarter of 2009, we transferred Artesia from CLL to Consumer. Prior-period amounts were reclassified to conform to the current-period’s presentation.