Receivables (Tables)

12 Months Ended

Dec. 31, 2018

A summary of financing receivables included in the consolidated balance sheets as of December 31, 2018 and 2017 is as follows:



	2018		2017
	(in millions)
Retail	$	9,350	$	9,725
Wholesale	9,749		10,001
Other	68		69
Total	$	19,167	$	19,795

Schedule of maturities of financing receivables

Contractual maturities of financing receivables as of December 31, 2018 are as follows:



	Amount
	(in millions)
2019	$	12,809
2020	2,363
2021	1,691
2022	1,227
2023	859
2024 and thereafter	218
Total	$	19,167

Schedule of aging of receivables

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



	2018
	31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Performing		Non Performing		Total
Retail
Retail
North America	$	21	$	5	$	—	$	26	$	6,285	$	6,311	$	12	$	6,323
EMEA	1		—		10		11		164		175		40		215
LATAM	11		9		7		27		1,885		1,912		83		1,995
APAC	2		1		—		3		814		817		—		817
Total Retail	$	35	$	15	$	17	$	67	$	9,148	$	9,215	$	135	$	9,350
Wholesale
North America	$	—	$	—	$	—	$	—	$	3,613	$	3,613	$	18	$	3,631
EMEA	20		9		—		29		4,727		4,756		—		4,756
LATAM	—		—		—		—		656		656		—		656
APAC	7		3		$	—	10		696		706		—		706
Total Wholesale	$	27	$	12	$	—	$	39	$	9,692	$	9,731	$	18	$	9,749



	2017
	31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Performing		Non Performing		Total
Retail
Retail
North America	$	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
North America	$	—	$	—	$	—	$	—	$	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

Schedule of allowance for credit loss

Allowance for credit losses activity for the three years ended December 31, 2018, 2017 and 2016 is as follows (in millions):



	December 31, 2018
	Retail			Wholesale
Opening balance	$	383		$	200
Provision	53			(5		)
Charge-offs, net of recoveries	(85		)	(15		)
Foreign currency translation and other	(25		)	(16		)
Ending balance	326			164
Ending balance: Individually evaluated for impairment	204			135
Ending balance: Collectively evaluated for impairment	122			29
Receivables:
Ending balance	9,350			9,749
Ending balance: Individually evaluated for impairment	359			314
Ending balance: Collectively evaluated for impairment	$	8,991		$	9,435



	December 31, 2017
	Retail			Wholesale
Opening balance	$	374		$	200
Provision	72			11
Charge-offs, net of recoveries	(103		)	(15		)
Foreign currency translation and other	40			4
Ending balance	383			200
Ending balance: Individually evaluated for impairment	212			164
Ending balance: Collectively evaluated for impairment	171			36
Receivables:
Ending balance	9,725			10,001
Ending balance: Individually evaluated for impairment	347			540
Ending balance: Collectively evaluated for impairment	$	9,378		$	9,461



	December 31, 2016
	Retail			Wholesale
Opening balance	$	394		$	158
Provision	52			60
Charge-offs, net of recoveries	(82		)	(14		)
Foreign currency translation and other	10			(4		)
Ending balance	374			200
Ending balance: Individually evaluated for impairment	179			149
Ending balance: Collectively evaluated for impairment	195			51
Receivables:
Ending balance	9,949			8,535
Ending balance: Individually evaluated for impairment	317			491
Ending balance: Collectively evaluated for impairment	$	9,632		$	8,044

Schedule 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, have provided bankruptcy notification, or require significant collection efforts. Impaired receivables are generally classified as non-performing.



	2018								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
North America	$	31	$	30	$	16	$	33	$	39	$	37	$	18	$	41
EMEA	$	234	$	234	$	167	$	249	$	260	$	260	$	170	$	277
LATAM	$	91	$	91	$	20	$	88	$	45	$	45	$	22	$	32
APAC	$	3	$	3	$	1	$	4	$	3	$	3	$	2	$	2
Wholesale
North America	$	25	$	23	$	5	$	27	$	44	$	44	$	3	$	49
EMEA	$	256	$	256	$	107	$	260	$	457	$	457	$	134	$	443
LATAM	$	23	$	14	$	16	$	26	$	30	$	17	$	21	$	28
APAC	$	10	$	10	$	7	$	9	$	9	$	9	$	6	$	4
Total
Retail	$	359	$	358	$	204	$	374	$	347	$	345	$	212	$	352
Wholesale	$	314	$	303	$	135	$	322	$	540	$	527	$	164	$	524

Schedule of carrying amount of restricted assets

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



	Restricted Receivables
	2018		2017
Retail note and finance lease receivables	$	6,371	$	6,833
Wholesale receivables	7,052		7,189
Total	$	13,423	$	14,022