GE 2014 Annual Report Download - page 181
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GE 2014 FORM 10-K 161
FINANCIAL STATEMENTS FINANCING RECEIVABLES
ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES
Provision
Balance a
t
charged to Gross Balance a
t
(In millions) January 1 operations Othe
r
(a) write-offs(b) Recoveries(b) December 31
2014
Commercial
CLL
Americas $ 473 $ 307 $ (3) $ (422) $ 100 $ 455
International 505 159 (37) (351) 100 376
Total CLL 978 466 (40) (773) 200 831
Energy Financial Services 8 30 (1) (17) 6 26
GECAS 17 39 - (10) - 46
Other 2 - (2) - - -
Total Commercial 1,005 535 (43) (800) 206 903
Real Estate 192 (86) (1) (59) 115 161
Consumer
Non-U.S. residential mortgages 358 256 (151) (207) 69 325
Non-U.S. installment and revolving credit 650 338 (260) (787) 458 399
U.S. installment and revolving credit 2,823 2,875 19 (3,138) 607 3,186
Other 150 75 (33) (151) 60 101
Total Consumer 3,981 3,544 (425) (4,283) 1,194 4,011
Total $ 5,178 $ 3,993 $ (469) $ (5,142) $ 1,515 $ 5,075
2013
Commercial
CLL
Americas $ 496 $ 289 $ (1) $ (425) $ 114 $ 473
International 525 445 1 (556) 90 505
Total CLL 1,021 734 - (981) 204 978
Energy Financial Services 9 (1) - - - 8
GECAS 8 9 - - - 17
Other 3 (1) - (2) 2 2
Total Commercial 1,041 741 - (983) 206 1,005
Real Estate 320 28 (4) (163) 11 192
Consumer
Non-U.S. residential mortgages 480 269 10 (458) 57 358
Non-U.S. installment and revolving credit 649 647 (106) (1,093) 553 650
U.S. installment and revolving credit 2,282 3,006 (51) (2,954) 540 2,823
Other 172 127 11 (236) 76 150
Total Consumer 3,583 4,049 (136) (4,741) 1,226 3,981
Total $ 4,944 $ 4,818 $ (140) $ (5,887) $ 1,443 $ 5,178
(a) Other primarily included the 2014 reclassifications of Budapest Bank and GEMB-Nordic to held for sale, dispositions and the effects of currency exchange. GEMB-
Nordic was subsequently sold in the fourth quarter of 2014.
(b) Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of 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.