GE 2011 Annual Report Download - page 97

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GE 2011 ANNUAL REPORT 95
    
(In millions)
Balance at
January 1,
2009
Provision
charged to
operations Other (a) Gross
write-offs (b) Recoveries (b)
Balance at
December 31,
2009
COMMERCIAL
CLL
Americas $ 846 $ 1,400 $ (42) $(1,117) $ 93 $1,180
Europe 311 625 (14) (431) 84 575
Asia 163 257 3 (203) 24 244
Other 1 8 5 (4) — 10
Total CLL 1,321 2,290 (48) (1,755) 201 2,009
Energy Financial Services 58 33 4 (67) — 28
GECAS 58 65 (3) (16) — 104
Other 28 29 — (24) 1 34
Total Commercial 1,465 2,417 (47) (1,862) 202 2,175
REAL ESTATE
Debt 282 1,295 13 (232) — 1,358
Business Properties 19 147 — (32) 2 136
Total Real Estate 301 1,442 13 (264) 2 1,494
CONSUMER
Non-U.S. residential mortgages 328 883 69 (469) 81 892
Non-U.S. installment and revolving credit 1,000 1,741 39 (2,235) 561 1,106
U.S. installment and revolving credit 1,616 3,367 (975) (2,612) 155 1,551
Non-U.S. auto 187 389 30 (510) 196 292
Other 225 346 45 (389) 65 292
Total Consumer 3,356 6,726 (792) (6,215) 1,058 4,133
Total $5,122 $10,585 $(826) $(8,341) $1,262 $7,802
(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.
See Note 23 for supplemental information about the credit quality of fi nancing receivables and allowance for losses on
fi nancing receivables.