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

6 Months Ended

Jun. 30, 2012

Loans and Leases Receivable Disclosure [Abstract]

GECC financing receivables

	At
	June 30,		December 31,
(In millions)	2012		2011
Loans, net of deferred income(a)	$	243,625	$	256,895
Investment in financing leases, net of deferred income		35,564		38,142
		279,189		295,037
Less allowance for losses		(5,205)		(6,190)
Financing receivables – net(b)	$	273,984	$	288,847

• Deferred income was $2,197 million and $2,329million at June 30, 2012 and December 31, 2011, respectively.
• Financing receivables at June 30, 2012 and December 31, 2011 included $895 million and $1,062 million, respectively, of loans that were acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables.

Financing receivables

	At
	June 30,		December 31,
(In millions)	2012		2011
Commercial
CLL
Americas	$	77,241	$	80,505
Europe		34,722		36,899
Asia		11,313		11,635
Other		711		436
Total CLL		123,987		129,475
Energy Financial Services		5,159		5,912
GE Capital Aviation Services (GECAS)		12,046		11,901
Other		587		1,282
Total Commercial financing receivables		141,779		148,570
Real Estate
Debt		22,409		24,501
Business Properties		5,301		8,248
Total Real Estate financing receivables		27,710		32,749
Consumer
Non-U.S. residential mortgages		33,826		35,550
Non-U.S. installment and revolving credit		17,960		18,544
U.S. installment and revolving credit		45,531		46,689
Non-U.S. auto		4,740		5,691
Other		7,643		7,244
Total Consumer financing receivables		109,700		113,718
Total financing receivables		279,189		295,037
Less allowance for losses		(5,205)		(6,190)
Total financing receivables – net	$	273,984	$	288,847

Schedule of allowance for losses

	Balance at		Provision											Balance at
	January 1,		charged to					Gross						June 30,
(In millions)	2012		operations		Other		(a)	write-offs		(b)	Recoveries		(b)	2012
Commercial
CLL
Americas	$	889	$	57	$	(30)		$	(306)		$	52		$	662
Europe		400		158		(15)			(95)			36			484
Asia		157		13		(3)			(89)			9			87
Other		4		0		(1)			(2)			0			1
Total CLL		1,450		228		(49)			(492)			97			1,234
Energy Financial
Services		26		10		0			(24)			0			12
GECAS		17		26		0			(11)			0			32
Other		37		5		(20)			(10)			0			12
Total Commercial		1,530		269		(69)			(537)			97			1,290
Real Estate
Debt		949		17		(8)			(281)			5			682
Business Properties		140		28		(7)			(58)			2			105
Total Real Estate		1,089		45		(15)			(339)			7			787
Consumer
Non-U.S. residential
mortgages		546		65		(2)			(165)			37			481
Non-U.S. installment
and revolving
credit		717		220		(8)			(543)			279			665
U.S. installment and
revolving credit		2,008		937		(5)			(1,488)			272			1,724
Non-U.S. auto		101		15		(9)			(77)			49			79
Other		199		55		8			(124)			41			179
Total Consumer		3,571		1,292		(16)			(2,397)			678			3,128
Total	$	6,190	$	1,606	$	(100)		$	(3,273)		$	782		$	5,205

• Other primarily included transfers to held for sale and the effects of currency exchange.
• Net write-offs (gross 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				June 30,
(In millions)	2011		operations		Other(a)		write-offs(b)		Recoveries(b)		2011
Commercial
CLL
Americas	$	1,288	$	219	$	(72)	$	(366)	$	55	$	1,124
Europe		429		73		30		(133)		34		433
Asia		222		77		10		(147)		18		180
Other		6		0		0		0		0		6
Total CLL		1,945		369		(32)		(646)		107		1,743
Energy Financial
Services		22		11		(1)		(4)		7		35
GECAS		20		(2)		0		(3)		0		15
Other		58		11		1		(17)		1		54
Total Commercial		2,045		389		(32)		(670)		115		1,847
Real Estate
Debt		1,292		122		9		(341)		10		1,092
Business Properties		196		54		1		(70)		3		184
Total Real Estate		1,488		176		10		(411)		13		1,276
Consumer
Non-U.S. residential
mortgages		689		30		32		(112)		28		667
Non-U.S. installment
and revolving credit		937		311		64		(664)		286		934
U.S. installment and
revolving credit		2,333		941		1		(1,688)		259		1,846
Non-U.S. auto		168		26		12		(126)		63		143
Other		259		59		4		(152)		48		218
Total Consumer		4,386		1,367		113		(2,742)		684		3,808
Total	$	7,919	$	1,932	$	91	$	(3,823)	$	812	$	6,931

• Other primarily included transfers to held for sale and the effects of currency exchange.
• Net write-offs (gross 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.