RECEIVABLES (Tables)

9 Months Ended

Sep. 30, 2018

A summary of financing receivables as of September 30, 2018 and December 31, 2017 is as follows:



	September 30, 2018		December 31, 2017
	(in millions)
Retail	$	9,152	$	9,725
Wholesale	9,140		10,001
Other	74		69
Total	$	18,366	$	19,795

Summary of aging of financing receivables

The aging of financing receivables as of September 30, 2018 and December 31, 2017 is as follows (in millions):



	September 30, 2018
	30-59 Days Past Due		60-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Performing		Non- Performing		Total
Retail
NAFTA	$	23	$	3	$	—	$	26	$	6,361	$	6,387	$	14	$	6,401
EMEA	1		1		10		12		190		202		30		232
LATAM	16		1		1		18		1,719		1,737		38		1,775
APAC	1		—		—		1		743		744		—		744
Total Retail	$	41	$	5	$	11	$	57	$	9,013	$	9,070	$	82	$	9,152
Wholesale
NAFTA	$	—	$	—	$	—	$	—	$	3,495	$	3,495	$	21	$	3,516
EMEA	32		18		—		50		4,327		4,377		—		4,377
LATAM	—		—		—		—		516		516		—		516
APAC	2		—		—		2		729		731		—		731
Total Wholesale	$	34	$	18	$	—	$	52	$	9,067	$	9,119	$	21	$	9,140



	December 31, 2017
	30-59 Days Past Due		60-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Performing		Non- Performing		Total
Retail
NAFTA	$	26	$	9	$	—	$	35	$	6,671	$	6,706	$	25	$	6,731
EMEA	3		4		4		11		261		272		—		272
LATAM	8		—		—		8		1,851		1,859		40		1,899
APAC	—		—		—		—		823		823		—		823
Total Retail	$	37	$	13	$	4	$	54	$	9,606	$	9,660	$	65	$	9,725
Wholesale
NAFTA	$	—	—		—		—		3,651		3,651		41		3,692
EMEA	23		12		4		39		5,061		5,100		9		5,109
LATAM	—		—		—		—		613		613		—		613
APAC	4		—		—		4		583		587		—		587
Total Wholesale	$	27	$	12	$	4	$	43	$	9,908	$	9,951	$	50	$	10,001

Summary of allowance for credit loss activity

Allowance for credit losses activity for the three and nine months ended September 30, 2018 and 2017 is as follows:



	Three Months Ended September 30, 2018
	Retail			Wholesale			Other		Total
Opening balance	$	349		$	193		$	—	$	542
Provision (benefit)	13			(12		)	—		1
Charge-offs, net of recoveries	(20		)	(4		)	—		(24		)
Foreign currency translation and other	(6		)	(5		)	—		(11		)
Ending balance	336			172			—		508



	Nine Months Ended September 30, 2018
	Retail			Wholesale			Other		Total
Opening Balance	$	383		$	200		$	—	$	583
Provision (benefit)	38			(9		)	—		29
Charge-offs, net of recoveries	(60		)	(5		)	—		(65		)
Foreign Currency Translation and Other	(25		)	(14		)	—		(39		)
Ending Balance	336			172			—		508
Ending Balance: Individually Evaluated for Impairment	217			143			—		360
Ending Balance: Collectively Evaluated for Impairment	119			29			—		148
Receivables:
Ending Balance	9,152			9,140			74		18,366
Ending Balance: Individually Evaluated for Impairment	329			330			—		659
Ending Balance: Collectively Evaluated for Impairment	$	8,823		$	8,810		$	74	$	17,707



	Three Months Ended September 30, 2017
	Retail			Wholesale			Other		Total
Opening balance	$	372		$	225		$	—	$	597
Provision (benefit)	32			(11		)	—		21
Charge-offs, net of recoveries	(30		)	(8		)	—		(38		)
Foreign currency translation and other	6			6			—		12
Ending balance	380			212			—		592



	Nine Months Ended September 30, 2017
	Retail			Wholesale			Other		Total
Opening Balance	$	374		$	200		$	—	$	574
Provision (benefit)	61			(4		)	—		57
Charge-offs, net of recoveries	(72		)	(13		)	—		(85		)
Foreign Currency Translation and Other	17			29			—		46
Ending Balance	380			212			—		592
Ending Balance: Individually Evaluated for Impairment	201			168			—		369
Ending Balance: Collectively Evaluated for Impairment	179			44			—		223
Receivables:
Ending Balance	9,865			9,200			68		19,133
Ending Balance: Individually Evaluated for Impairment	372			485			—		857
Ending Balance: Collectively Evaluated for Impairment	$	9,493		$	8,715		$	68	$	18,276

Allowance for credit losses activity for the year ended December 31, 2017 is as follows:



	December 31, 2017
	Retail			Wholesale			Other		Total
Opening Balance	$	374		$	200		$	—	$	574
Provision	72			11			—		83
Charge-offs, net of recoveries	(103		)	(15		)	—		(118		)
Foreign Currency Translation and Other	40			4			—		44
Ending Balance	383			200			—		583
Ending Balance: Individually Evaluated for Impairment	212			164			—		376
Ending Balance: Collectively Evaluated for Impairment	171			36			—		207
Receivables:
Ending Balance	9,725			10,001			69		19,795
Ending Balance: Individually Evaluated for Impairment	347			540			—		887
Ending Balance: Collectively Evaluated for Impairment	$	9,378		$	9,461		$	69	$	18,908

Summary of financing receivable impairment

Financing receivables are considered impaired when it is probable that 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, have provided bankruptcy notification, or require significant collection efforts. Impaired receivables are generally classified as non-performing.



	September 30, 2018								December 31, 2017
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Investment		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Investment
	(in millions)
With an allowance recorded
Retail
NAFTA	$	32	$	31	$	16	$	34	$	39	$	37	$	18	$	41
EMEA	$	253	$	253	$	183	$	271	$	260	$	260	$	170	$	277
LATAM	$	40	$	40	$	17	$	45	$	45	$	45	$	22	$	32
APAC	$	4	$	3	$	1	$	4	$	3	$	3	$	2	$	2
Wholesale
NAFTA	$	27	$	25	$	4	$	36	$	44	$	44	$	3	$	49
EMEA	$	270	$	270	$	118	$	263	$	457	$	457	$	134	$	443
LATAM	$	25	$	17	$	16	$	27	$	30	$	17	$	21	$	28
APAC	$	8	$	7	$	5	$	9	$	9	$	9	$	6	$	4
Total
Retail	$	329	$	327	$	217	$	354	$	347	$	345	$	212	$	352
Wholesale	$	330	$	319	$	143	$	335	$	540	$	527	$	164	$	524

Summary of carrying amount of restricted assets

At September 30, 2018 and December 31, 2017, the carrying amount of such restricted assets included in financing receivables above are the following (in millions):



	Restricted Receivables
	September 30, 2018		December 31, 2017
Retail note and finance lease receivables	$	6,431	$	6,833
Wholesale receivables	6,650		7,156
Total	$	13,081	$	13,989