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GE 2010 ANNUAL REPORT 87
    
CONTRACTUAL MATURITIES
Total Net rentals
(In millions) loans receivable
Due in
2011 $ 67,741 $13,978
2012 29,947 8,921
2013 22,877 6,961
2014 21,074 4,610
2015 15,280 3,043
2016 and later 73,296 8,054
230,215 45,567
Consumer revolving loans 51,424 —
Total $281,639 $45,567
We expect actual maturities to differ from contractual maturities.
The following tables provide additional information about our
financing receivables and related activity in the allowance for
losses for our Commercial, Real Estate and Consumer portfolios.
NET INVESTMENT IN FINANCING LEASES
Total financing leases Direct financing leases
(a) Leveraged leases (b)
December 31 (In millions) 2010 2009 2010 2009 2010 2009
Total minimum lease payments receivable $53,677 $63,997 $41,534 $49,985 $12,143 $14,012
Less principal and interest on third-party non-recourse debt (8,110) (9,660) — — (8,110) (9,660)
Net rentals receivables 45,567 54,337 41,534 49,985 4,033 4,352
Estimated unguaranteed residual value of leased assets 8,496 9,604 5,992 6,815 2,504 2,789
Less deferred income (8,353) (9,609) (6,616) (7,630) (1,737) (1,979)
Investment in financing leases, net of deferred income 45,710 54,332 40,910 49,170 4,800 5,162
Less amounts to arrive at net investment
Allowance for losses (402) (654) (384) (534) (18) (120)
Deferred taxes (6,168) (6,210) (2,266) (2,485) (3,902) (3,725)
Net investment in financing leases $39,140 $47,468 $38,260 $46,151 $ 880 $ 1,317
(a) Included $520 million and $599 million of initial direct costs on direct financing leases at December 31, 2010 and 2009, respectively.
(b) Included pre-tax income of $133 million and $164 million and income tax of $51 million and $64 million during 2010 and 2009, respectively. Net investment credits recognized
on leveraged leases during 2010 and 2009 were insignificant.
FINANCING RECEIVABLES—NET
The following table displays our financing receivables balances.
December 31, January 1, December 31,
(In millions) 2010 2010
(a) 2009
COMMERCIAL
CLL (b)
Americas $ 86,596 $ 99,666 $ 87,496
Europe 37,498 43,403 41,455
Asia 11,943 13,159 13,202
Other 2,626 2,836 2,836
Total CLL 138,663 159,064 144,989
Energy Financial Services 7,011 7,790 7,790
GECAS
(b) 12,615 13,254 13,254
Other
(c) 1,788 2,614 2,614
Total Commercial financing
receivables 160,077 182,722 168,647
REAL ESTATE
Debt 30,249 36,257 36,565
Business properties 9,962 12,416 8,276
Total Real Estate financing
receivables 40,211 48,673 44,841
CONSUMER (b)
Non-U.S. residential mortgages 45,536 54,921 54,921
Non-U.S. installment and
revolving credit 20,368 23,443 23,443
U.S. installment and
revolving credit 43,974 44,008 20,027
Non-U.S. auto 8,877 12,762 12,762
Other 8,306 10,156 10,156
Total Consumer
financing receivables 127,061 145,290 121,309
Total financing receivables 327,349 376,685 334,797
Less allowance for losses (8,072) (9,556) (7,856)
Total financing receivables—net $319,277 $367,129 $326,941
(a) Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010.
(b) During the first quarter of 2010, we transferred the Transportation Financial
Services business from GE Capital Aviation Services (GECAS) to CLL and the
Consumer business in Italy from Consumer to CLL. Prior-period amounts were
reclassified to conform to the current-period presentation.
(c) Primarily consisted of loans and financing leases in former consolidated,
liquidating, securitization entities, which became wholly owned affiliates
in December 2010.