GECC Financing Receivables and Allowance for Losses on Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2012

Loans and Leases Receivable Disclosure [Abstract]

GECC financing receivables

	At
	March 31,		December 31,
(In millions)	2012		2011
Loans, net of deferred income(a)	$	250,890	$	256,895
Investment in financing leases, net of deferred income		36,207		38,142
		287,097		295,037
Less allowance for losses		(5,714)		(6,190)
Financing receivables – net(b)	$	281,383	$	288,847

• Deferred income was $2,192 million and $2,329million at March 31, 2012 and December 31, 2011, respectively.
• Financing receivables at March 31, 2012 and December 31, 2011 included $968 million and $1,062 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables.

Financing receivables

	At
	March 31,		December 31,
(In millions)	2012		2011
Commercial
CLL
Americas	$	79,645	$	80,505
Europe		35,613		36,899
Asia		11,048		11,635
Other		382		436
Total CLL		126,688		129,475
Energy Financial Services		5,287		5,912
GE Capital Aviation Services (GECAS)		11,721		11,901
Other		681		1,282
Total Commercial financing receivables		144,377		148,570
Real Estate
Debt		23,518		24,501
Business Properties		8,013		8,248
Total Real Estate financing receivables		31,531		32,749
Consumer
Non-U.S. residential mortgages		35,257		35,550
Non-U.S. installment and revolving credit		18,963		18,544
U.S. installment and revolving credit		44,283		46,689
Non-U.S. auto		5,166		5,691
Other		7,520		7,244
Total Consumer financing receivables		111,189		113,718
Total financing receivables		287,097		295,037
Less allowance for losses		(5,714)		(6,190)
Total financing receivables – net	$	281,383	$	288,847

Schedule of allowance for losses

	Balance at		Provision											Balance at
	January 1,		charged to					Gross						March 31,
(In millions)	2012		operations		Other		(a)	write-offs		(b)	Recoveries		(b)	2012
Commercial
CLL
Americas	$	889	$	66	$	(20)		$	(156)		$	23		$	802
Europe		400		83		1			(45)			19			458
Asia		157		11		(5)			(56)			5			112
Other		4		0		0			(2)			0			2
Total CLL		1,450		160		(24)			(259)			47			1,374
Energy Financial
Services		26		(1)		0			0			0			25
GECAS		17		(3)		0			0			0			14
Other		37		2		(19)			0			0			20
Total Commercial		1,530		158		(43)			(259)			47			1,433
Real Estate
Debt		949		28		(12)			(154)			1			812
Business Properties		140		10		0			(34)			1			117
Total Real Estate		1,089		38		(12)			(188)			2			929
Consumer
Non-U.S. residential
mortgages		546		29		8			(103)			18			498
Non-U.S. installment
and revolving
credit		717		124		28			(273)			130			726
U.S. installment and
revolving credit		2,008		478		0			(772)			131			1,845
Non-U.S. auto		101		10		(6)			(41)			24			88
Other		199		26		16			(66)			20			195
Total Consumer		3,571		667		46			(1,255)			323			3,352
Total	$	6,190	$	863	$	(9)		$	(1,702)		$	372		$	5,714

• Other primarily included transfers to held for sale and the effects of currency exchange.
• Net write-offs (write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as our revolving credit portfolios turn over more than once per year or, in all portfolios, can reflect losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.

	Balance at		Provision								Balance at
	January 1,		charged to				Gross				March 31,
(In millions)	2011		operations		Other(a)		write-offs(b)		Recoveries(b)		2011
Commercial
CLL
Americas	$	1,288	$	139	$	(1)	$	(194)	$	22	$	1,254
Europe		429		30		19		(51)		16		443
Asia		222		60		4		(69)		11		228
Other		6		0		0		0		0		6
Total CLL		1,945		229		22		(314)		49		1,931
Energy Financial
Services		22		19		(1)		(4)		0		36
GECAS		20		(8)		0		0		0		12
Other		58		4		1		(8)		0		55
Total Commercial		2,045		244		22		(326)		49		2,034
Real Estate
Debt		1,292		59		7		(243)		3		1,118
Business Properties		196		26		(1)		(42)		2		181
Total Real Estate		1,488		85		6		(285)		5		1,299
Consumer
Non-U.S. residential
mortgages		689		21		21		(54)		15		692
Non-U.S. installment
and revolving credit		937		153		23		(327)		144		930
U.S. installment and
revolving credit		2,333		585		0		(913)		136		2,141
Non-U.S. auto		168		15		5		(68)		32		152
Other		259		37		4		(86)		25		239
Total Consumer		4,386		811		53		(1,448)		352		4,154
Total	$	7,919	$	1,140	$	81	$	(2,059)	$	406	$	7,487

• Other primarily included the effects of currency exchange.
• Net write-offs (write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as our revolving credit portfolios turn over more than once per year or, in all portfolios, can reflect losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.