GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES (Tables)

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Schedule of Financing Receivables, Net

	Consolidated(a)(b)						GE(c)
(In millions)	June 30, 2017			December 31, 2016			June 30, 2017			December 31, 2016
Current receivables	$	22,407		$	24,935		$	12,647		$	13,562
Allowance for losses	(960		)	(858		)	(949		)	(847		)
Total	$	21,447		$	24,076		$	11,697		$	12,715

(a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital’s balance sheet of $10,599 million and $12,304 million at June 30, 2017 and December 31, 2016, respectively. The consolidated total included a deferred purchase price receivable of $374 million and $483 million at June 30, 2017 and December 31, 2016, respectively, related to our Receivables Facility.

(b) In order to manage the credit exposure, the Company sells additional current receivables to third parties outside the Receivables Facility, substantially all of which are serviced by the Company. The outstanding balance of these current receivables was $2,532 million and $3,821 million at June 30, 2017 and December 31, 2016, respectively. Of these balances, $1,187 million and $2,504 million was sold by GE to GE Capital prior to the sale to third parties at June 30, 2017 and December 31, 2016, respectively. At June 30, 2017 and December 31, 2016, our maximum exposure to loss under the limited recourse arrangements is $143 million and $215 million, respectively.

(c) GE current receivables balances at June 30, 2017 and December 31, 2016, before allowance for losses, included $7,955 million and $8,927 million, respectively, from sales of goods and services to customers. The remainder of the balances primarily relates to supplier advances, revenue sharing programs and other non-income based tax receivables.

FINANCING RECEIVABLES, NET
(In millions)	June 30, 2017			December 31, 2016
Loans, net of deferred income	$	19,790		$	21,101
Investment in financing leases, net of deferred income	4,973			4,998
	24,764			26,099
Allowance for losses	(68		)	(58		)
Financing receivables – net	$	24,696		$	26,041