GE Capital Financing Receivables and Allowance for Losses on Financing Receivables

3 Months Ended

Mar. 31, 2017

Financing Receivables And Allowance For Losses [Abstract]

Financing Receivables And Allowance For Losses On Financing Receivables

NOTE 6. GE Capital FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

FINANCING RECEIVABLES – NET
(In millions)	March 31, 2017		December 31, 2016
Loans, net of deferred income	$	18,882	$	21,101
Investment in financing leases, net of deferred income		5,032		4,998
		23,914		26,099
Allowance for losses		(61)		(58)
Financing receivables – net	$	23,853	$	26,041

We manage our financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At March 31, 2017, $790 million (3.3%), $341 million (1.4%) and $169 million (0.7%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $169million of nonaccrual financing receivables at March 31, 2017, the vast majority are secured by collateral and $25 million are currently paying in accordance with the contractual terms. At December 31, 2016, $811 million (3.1%), $407 million (1.6%) and $322 million (1.2%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively.

The recorded investment in impaired loans at March 31, 2017 and December 31, 2016 was $212 million and $262 million, respectively. The method used to measure impairment for these loans is primarily based on collateral value. At March 31, 2017, troubled debt restructurings included in impaired loans were $172 million