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Receivables, Loans, Notes Receivable, and Others
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure Accounts Receivable, Net
Accounts receivable, net consisted of the following:

(dollars in millions)March 31, 2020December 31, 2019
Accounts receivable$13,601  $13,913  
Allowance for expected credit losses(497) (389) 
Total accounts receivable, net$13,104  $13,524  

The Company enters into various factoring agreements with third-party financial institutions to sell certain of its receivables. The Company factored receivables of $2.7 billion and $2.4 billion during the quarter ended March 31, 2020 and December 31, 2019, respectively, under these factoring arrangements, which reduced receivables. The cash received from these arrangements is reflected as cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. In certain of these factoring arrangements, for ease of administration, the Company will collect customer payments related to the factored receivables, which it then remits to the financial institutions. At March 31, 2020 and December 31, 2019, the Company had $32 million and $7 million, respectively, that was collected on behalf of the financial institutions and recorded as restricted cash and accrued liabilities. The net cash flows relating to these collections are reported as financing activities in the Condensed Consolidated Statement of Cash Flows.

The changes in the allowance for credit losses related to Accounts receivable for the quarter ended March 31, 2020 is as follows:
(dollars in millions)March 31, 2020
Balance as of December 31, 2019$(389) 
Current period provision for expected credit losses1
(63) 
Write-offs charged against the allowance for expected credit losses5  
Other2
(50) 
Balance as of March 31, 2020$(497) 

1 The current provision for expected credit losses includes incremental reserves related to our assessments of COVID-19 impacts of $38 million.
2 Other includes $64 million of impact related to the adoption of Accounting Standard Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.