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Receivables
3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Receivables

Note 9. Receivables

Receivables of insurance and other businesses are comprised of the following (in millions).

 

      March 31, 
2018
      December 31, 
2017
 

Insurance premiums receivable

    $  12,570         $  11,058    

Reinsurance recoverable on unpaid losses

     3,048          3,201    

Trade receivables

     12,568          11,756    

Other

     3,078          2,925    

Allowances for uncollectible accounts

     (358)         (362)   
  

 

 

    

 

 

 
    $  30,906         $  28,578    
  

 

 

    

 

 

 

A summary of loans and finance receivables of our finance and financial products businesses follows (in millions).

 

      March 31, 
2018
      December 31, 
2017
 

Loans and finance receivables before allowances and discounts

    $  14,209          $  14,126     

Allowances for uncollectible loans

     (179)          (180)    

Unamortized acquisition discounts

     (185)          (198)    
  

 

 

    

 

 

 
    $  13,845          $  13,748     
  

 

 

    

 

 

 

Loans and finance receivables are predominantly installment loans originated or acquired by our manufactured housing business. Provisions for loan losses in the first quarter of 2018 and 2017 were $34 million and $38 million, respectively. Loan charge-offs, net of recoveries, in the first quarter were $35 million in 2018 and $43 million in 2017. At March 31, 2018, approximately 98% of the loan balances were evaluated collectively for impairment. As part of the evaluation process, credit quality indicators are reviewed and loans are designated as performing or non-performing. At March 31, 2018, we considered approximately 99% of the loan balances to be performing and approximately 96% of the loan balances to be current as to payment status. In June 2017, we agreed to provide a Canada-based financial institution with a C$2 billion (approximately $1.55 billion) one-year secured revolving credit facility. The agreement expires on June 29, 2018. There was no outstanding loan balance as of March 31, 2018.