GE 2014 Annual Report Download - page 182
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162 GE 2014 FORM 10-K
FINANCIAL STATEMENTS FINANCING RECEIVABLES
ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES
Provision
Balance at charged to Gross Balance at
(In millions) January 1 operations Othe
r
(a) write-offs (b) Recoveries(b) December 31
2012
Commercial
CLL
Americas $ 893 $ 122 $ (52) $ (578) $ 111 $ 496
International 557 411 (6) (524) 87 525
Total CLL 1,450 533 (58) (1,102) 198 1,021
Energy Financial Services 26 4 - (24) 3 9
GECAS 17 4 - (13) - 8
Other 37 1 (20) (17) 2 3
Total Commercial 1,530 542 (78) (1,156) 203 1,041
Real Estate 1,089 72 (44) (810) 13 320
Consumer
Non-U.S. residential mortgages 545 112 8 (261) 76 480
Non-U.S. installment and revolving credit 791 308 20 (1,120) 650 649
U.S. installment and revolving credit 2,008 2,666 (24) (2,906) 538 2,282
Other 199 132 18 (257) 80 172
Total Consumer 3,543 3,218 22 (4,544) 1,344 3,583
Total $ 6,162 $ 3,832 $ (100) $ (6,510) $ 1,560 $ 4,944
(a) Other primarily included transfers to held for sale and the effects of currency exchange.
(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.