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Allowance for Credit Losses
 9 Months Ended
Sep. 30, 2016
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]  
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES

An analysis of the allowance for credit losses related to finance receivables and net investment in operating leases for the periods ended September 30 was as follows (in millions):
 
Third Quarter 2016
 
Finance Receivables
 
Net Investment in Operating Leases
 
Total Allowance
 
Consumer
 
Non-Consumer
 
Total
 
 
Allowance for credit losses
 
 
 
 
 
 
 
 
 
Beginning balance
$
432

 
$
17

 
$
449

 
$
63

 
$
512

Charge-offs
(108
)
 
(5
)
 
(113
)
 
(44
)
 
(157
)
Recoveries
29

 
1

 
30

 
20

 
50

Provision for credit losses
112

 
1

 
113

 
25

 
138

Other (a)
(1
)
 
—

 
(1
)
 
(1
)
 
(2
)
Ending balance
$
464

 
$
14

 
$
478

 
$
63

 
$
541

 
First Nine Months 2016
 
Finance Receivables
 
Net Investment in Operating Leases
 
Total Allowance
 
Consumer
 
Non-Consumer
 
Total
 
 
Allowance for credit losses
 
 
 
 
 
 
 
 
 
Beginning balance
$
357

 
$
16

 
$
373

 
$
49

 
$
422

Charge-offs
(304
)
 
(7
)
 
(311
)
 
(125
)
 
(436
)
Recoveries
89

 
4

 
93

 
60

 
153

Provision for credit losses
323

 
1

 
324

 
79

 
403

Other (a)
(1
)
 
—

 
(1
)
 
—

 
(1
)
Ending balance
$
464

 
$
14

 
$
478

 
$
63

 
$
541

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of allowance for credit losses
 
 
 
 
 
 
 
 
 
Collective impairment allowance
$
445

 
$
12

 
$
457

 
$
63

 
$
520

Specific impairment allowance
19

 
2

 
21

 
—

 
21

Ending balance
464

 
14

 
478

 
63

 
$
541

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of finance receivables and net investment in operating leases
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
64,743

 
36,120

 
100,863

 
27,024

 
 
Specifically evaluated for impairment
366

 
140

 
506

 
—

 
 
Recorded investment
65,109

 
36,260

 
101,369

 
27,024

 
 
 
 
 
 
 
 
 
 
 
 
Ending balance, net of allowance for credit losses
$
64,645

 
$
36,246

 
$
100,891

 
$
26,961

 
 
__________
(a)
Primarily represents amounts related to translation adjustments.
NOTE 5. ALLOWANCE FOR CREDIT LOSSES (Continued)
 
Third Quarter 2015
 
Finance Receivables
 
Net Investment in Operating Leases
 
Total Allowance
 
Consumer
 
Non-Consumer
 
Total
 
 
Allowance for credit losses
 
 
 
 
 
 
 
 
 
Beginning balance
$
322

 
$
13

 
$
335

 
$
45

 
$
380

Charge-offs
(85
)
 
(2
)
 
(87
)
 
(31
)
 
(118
)
Recoveries
29

 
1

 
30

 
15

 
45

Provision for credit losses
80

 
2

 
82

 
18

 
100

Other (a)
(4
)
 
—

 
(4
)
 
—

 
(4
)
Ending balance
$
342

 
$
14

 
$
356

 
$
47

 
$
403

 
First Nine Months 2015
 
Finance Receivables
 
Net Investment in Operating Leases
 
Total Allowance
 
Consumer
 
Non-Consumer
 
Total
 
 
Allowance for credit losses
 
 
 
 
 
 
 
 
 
Beginning balance
$
305

 
$
16

 
$
321

 
$
38

 
$
359

Charge-offs
(235
)
 
(3
)
 
(238
)
 
(87
)
 
(325
)
Recoveries
90

 
4

 
94

 
46

 
140

Provision for credit losses
190

 
(2
)
 
188

 
51

 
239

Other (a)
(8
)
 
(1
)
 
(9
)
 
(1
)
 
(10
)
Ending balance
$
342

 
$
14

 
$
356

 
$
47

 
$
403

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of allowance for credit losses
 
 
 
 
 
 
 
 
 
Collective impairment allowance
$
323

 
$
12

 
$
335

 
$
47

 
$
382

Specific impairment allowance
19

 
2

 
21

 
—

 
21

Ending balance
342

 
14

 
356

 
47

 
$
403

 
 
 
 
 
 
 
 
 
 
Analysis of ending balance of finance receivables and net investment in operating leases
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
58,749

 
33,783

 
92,532

 
24,557

 
 
Specifically evaluated for impairment
375

 
129

 
504

 
—

 
 
Recorded investment
59,124

 
33,912

 
93,036

 
24,557

 
 
 
 
 
 
 
 
 
 
 
 
Ending balance, net of allowance for credit losses
$
58,782

 
$
33,898

 
$
92,680

 
$
24,510

 
 
__________
(a)
Primarily represents amounts related to translation adjustments.