Receivables (Tables)

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Summary of Financing Receivables

A summary of financing receivables included in the consolidated balance sheets as of December 31, 2015 and 2014 is as follows:

	2015		2014
	(in millions)
Retail	$	10,344	$	11,978
Wholesale		8,611		9,400
Other		46		94
Total	$	19,001	$	21,472

Maturities of Financing Receivables

Contractual maturities of financing receivables as of December 31, 2015 are as follows:

	Amount
	(in millions)
2016	$	11,475
2017		2,895
2018		2,209
2019		1,377
2020		781
2021 and thereafter		264
Total	$	19,001

Summary of Aging of Receivables

The aging of financing receivables as of December 31, 2015 and 2014 is as follows (in millions):

	2015
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Performing		Non Performing		Total
Retail
NAFTA	$	17	$	—	$	—	$	17	$	7,869	$	7,886	$	36	$	7,922
EMEA		—		—		—		—		572		572		1		573
LATAM		6		—		—		6		1,286		1,292		44		1,336
APAC		1		3		—		4		509		513		—		513
Total Retail	$	24	$	3	$	—	$	27	$	10,236	$	10,263	$	81	$	10,344
Wholesale
NAFTA	$	—	$	—	$	—	$	—	$	3,656	$	3,656	$	79	$	3,735
EMEA		33		2		—		35		3,613		3,648		26		3,674
LATAM		3		—		—		3		595		598		4		602
APAC		6		4		26		36		518		554		46		600
Total Wholesale	$	42	$	6	$	26	$	74	$	8,382	$	8,456	$	155	$	8,611

	2014
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Performing		Non Performing		Total
Retail
NAFTA	$	31	$	2	$	—	$	33	$	8,596	$	8,629	$	10	$	8,639
EMEA		14		8		—		22		881		903		58		961
LATAM		3		—		—		3		1,762		1,765		37		1,802
APAC		2		—		2		4		572		576		—		576
Total Retail	$	50	$	10	$	2	$	62	$	11,811	$	11,873	$	105	$	11,978
Wholesale
NAFTA	$	1	$	—	$	—	$	1	$	4,079	$	4,080	$	52	$	4,132
EMEA		72		4		—		76		3,874		3,950		6		3,956
LATAM		1		—		—		1		861		862		—		862
APAC		16		3		30		49		372		421		29		450
Total Wholesale	$	90	$	7	$	30	$	127	$	9,186	$	9,313	$	87	$	9,400

Allowance for Credit Losses Activity

Allowance for credit losses activity for the three years ended December 31, 2015, 2014 and 2013 is as follows (in millions):

	December 31, 2015
	Retail			Wholesale			Other		Total
Opening balance	$	468		$	182		$	—	$	650
Provision		81			27			—		108
Charge-offs, net of recoveries		(92	)		(13	)		—		(105	)
Foreign currency translation and other		(63	)		(38	)		—		(101	)
Ending balance		394			158			—		552
Ending balance: Individually evaluated for impairment		187			125			—		312
Ending balance: Collectively evaluated for impairment		207			33			—		240
Receivables:
Ending balance		10,344			8,611			46		19,001
Ending balance: Individually evaluated for impairment		416			767			—		1,183
Ending balance: Collectively evaluated for impairment	$	9,928		$	7,844		$	46	$	17,818

	December 31, 2014
	Retail			Wholesale			Other			Total
Opening balance	$	613		$	112		$	1		$	726
Provision		86			71			2			159
Charge-offs, net of recoveries		(135	)		(24	)		(2	)		(161	)
Foreign currency translation and other		(96	)		23			(1	)		(74	)
Ending balance		468			182			—			650
Ending balance: Individually evaluated for impairment		233			115			—			348
Ending balance: Collectively evaluated for impairment		235			67			—			302
Receivables:
Ending balance		11,978			9,400			94			21,472
Ending balance: Individually evaluated for impairment		484			758			—			1,242
Ending balance: Collectively evaluated for impairment	$	11,494		$	8,642		$	94		$	20,230

	December 31, 2013
	Retail			Wholesale			Other		Total
Opening balance	$	661		$	120		$	1	$	782
Provision		62			1			—		63
Charge-offs, net of recoveries		(111	)		(8	)		—		(119	)
Foreign currency translation and other		1			(1	)		—		—
Ending balance		613			112			1		726
Ending balance: Individually evaluated for impairment		292			101			—		393
Ending balance: Collectively evaluated for impairment		321			11			1		333
Receivables:
Ending balance		12,730			9,111			135		21,976
Ending balance: Individually evaluated for impairment		569			742			—		1,311
Ending balance: Collectively evaluated for impairment	$	12,161		$	8,369		$	135	$	20,665

Summary of Financing Receivable Impairment

Financing receivables are considered impaired when it is probable the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, or have provided bankruptcy notification, or require significant collection efforts. Receivables, which are impaired, are generally classified as non-performing.

	2015								2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Investment		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Investment
	(in millions)
With no related allowance
Retail
NAFTA	$	41	$	40	$	—	$	37	$	24	$	24	$	—	$	22
EMEA	$	74	$	74	$	—	$	79	$	91	$	91	$	—	$	95
LATAM	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
APAC	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Wholesale
NAFTA	$	—	$	—	$	—	$	—	$	12	$	12	$	—	$	21
EMEA	$	33	$	33	$	—	$	35	$	35	$	35	$	—	$	39
LATAM	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
APAC	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
With an allowance recorded
Retail
NAFTA	$	54	$	53	$	18	$	52	$	33	$	32	$	13	$	34
EMEA	$	238	$	238	$	167	$	263	$	311	$	311	$	212	$	312
LATAM	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
APAC	$	9	$	9	$	2	$	12	$	25	$	25	$	8	$	26
Wholesale
NAFTA	$	82	$	82	$	3	$	92	$	60	$	60	$	3	$	63
EMEA	$	607	$	607	$	95	$	657	$	608	$	608	$	98	$	708
LATAM	$	25	$	21	$	7	$	22	$	25	$	20	$	8	$	20
APAC	$	20	$	20	$	20	$	18	$	18	$	18	$	6	$	13
Total
Retail	$	416	$	414	$	187	$	443	$	484	$	483	$	233	$	489
Wholesale	$	767	$	763	$	125	$	824	$	758	$	753	$	115	$	864

Carrying Amount of Restricted Assets Included In Financing Receivables

At December 31, 2015 and 2014, the carrying amount of such restricted assets included in financing receivables above are the following (in millions):

	Restricted Receivables
	2015		2014
Retail note and finance lease receivables	$	7,695	$	8,718
Wholesale receivables		6,189		6,005
Total	$	13,884	$	14,723