GE 2014 Annual Report Download - page 234

214 GE 2014 FORM 10-K
FINANCIAL STATEMENTS FINANCING RECEIVABLES – SUPPLEMENTAL INFORMATION
IMPAIRED LOANS AND RELATED RESERVES
With no specific allowance With a specific allowance
Recorded Unpaid Average Recorded Unpaid Average
investment principal investment investment principal Associated investment
December 31 (In millions) in loans balance in loans in loans balance allowance in loans
2014       
Commercial       
CLL       
Americas $ 1,352
$ 1,897 $ 1,626 $ 126 $ 160 $ 28 $ 254
International(a) 940 2,500 1,099 280 965 105 463
Total CLL 2,292
 4,397  2,725 406  1,125 133 717
Energy Financial Services  53
 54  26 15  15  12  24
GECAS  329
 337  88 -  - - 15
Other - - - - - - 1
Total Commercial(b) 2,674 4,788 2,839 421 1,140 145 757
Real Estate(c)  1,555
 1,854  2,285 317  443  25  686
Consumer(d) 138 179 120 2,042 2,092 408 2,547
Total $ 4,367 $ 6,821 $ 5,244 $ 2,780 $ 3,675 $ 578 $ 3,990
2013       
Commercial       
CLL       
Americas $ 1,670 $ 2,187 $ 2,154 $ 417 $ 505 $ 96 $ 509
International(a) 1,104 3,082 1,136 691 1,059 231 629
Total CLL 2,774 5,269 3,290 1,108 1,564 327 1,138
Energy Financial Services  - - - 4 4 1 2
GECAS  - - - - - - 1
Other 2 3 9 4 4 - 5
Total Commercial(b) 2,776 5,272 3,299 1,116 1,572 328 1,146
Real Estate(c)  2,615 3,036 3,058 1,245 1,507 74 1,688
Consumer(d) 109 153 98 2,879 2,948 567 3,058
Total $ 5,500 $ 8,461 $ 6,455 $ 5,240 $ 6,027 $ 969 $ 5,892
(a) Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of
the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan. However, in
accordance with regulatory standards that are applicable in Italy, commercial loans are considered uncollectible when there is demonstrable evidence of the debtor’s
insolvency, which may result in write-offs occurring beyond 360 days after initial recognition of a specific reserve.
(b) We recognized $178 million and $218 million of interest income, including none and $60 million on a cash basis, at December 31, 2014 and 2013, respectively,
principally in our CLL Americas business. The total average investment in impaired loans at December 31, 2014 and 2013 was $3,596 million and $4,445 million,
respectively.
(c) We recognized $56 million and $187 million of interest income, including none and $135 million on a cash basis, at December 31, 2014 and 2013, respectively. The total
average investment in impaired loans at December 31, 2014 and 2013 was $2,971 million and $4,746 million, respectively.
(d) We recognized $126 million and $221 million of interest income, including $5 million, and $3 million on a cash basis, at December 31, 2014 and 2013, respectively,
principally in our Consumer-U.S. installment and revolving credit portfolios. The total average investment in impaired loans at December 31, 2014 and 2013 was $2,667
million and $3,156 million, respectively.