GE 2010 Annual Report Download - page 91

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GE 2010 ANNUAL REPORT 89
    
Balance at Provision Balance at
January 1, charged to Gross December 31,
(In millions) 2008 operations Other
(a) write-offs
(b) Recoveries
(b) 2008
COMMERCIAL
CLL (c)
Americas $ 471 $ 909 $ 111 $ (728) $ 80 $ 843
Europe 256 344 (34) (334) 79 311
Asia 226 152 34 (256) 7 163
Other 3 4 (3) — — 4
Total CLL 956 1,409 108 (1,318) 166 1,321
Energy Financial Services 19 36 3 — — 58
GECAS
(c) 8 51 — (1) — 58
Other 18 28 (1) (18) 1 28
Total Commercial 1,001 1,524 110 (1,337) 167 1,465
REAL ESTATE
Debt 158 121 9 (6) — 282
Business properties 10 14 — (6) 1 19
Total Real Estate 168 135 9 (12) 1 301
CONSUMER (c)
Non-U.S. residential mortgages 232 296 (40) (210) 68 346
Non-U.S. installment and revolving credit 1,278 1,664 (409) (2,392) 869 1,010
U.S. installment and revolving credit 937 3,050 (624) (2,056) 309 1,616
Non-U.S. auto 298 335 (121) (544) 229 197
Other 165 229 9 (247) 69 225
Total Consumer 2,910 5,574 (1,185) (5,449) 1,544 3,394
Total $4,079 $7,233 $(1,066) $(6,798) $1,712 $5,160
(a) Other primarily included the effects of securitization activity and currency exchange.
(b) Net write-offs (write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as our revolving credit portfolios turn over more than once per
year or, in all portfolios, can reflect losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which
may identify further deterioration on existing financing receivables.
(c) During the first quarter of 2010, we transferred the Transportation Financial Services business from 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.
See Note 23 for supplemental information about the credit
quality of financing receivables and allowance for losses on
financing receivables.