NOTE 4. CURRENT RECEIVABLES



	Consolidated						GE
(In millions)	March 31, 2019			December 31, 2018			March 31, 2019			December 31, 2018

Current receivables	$	20,578		$	20,481		$	16,990		$	16,092
Allowance for losses	(1,060		)	(997		)	(1,055		)	(989		)
Total	$	19,518		$	19,484		$	15,936		$	15,103

GE current receivables balances at March 31, 2019 and December 31, 2018, include $5,091 million and $4,316 million, respectively, which primarily arise from supplier advances, revenue sharing programs and other non-income based tax receivables.

The balance of the Deferred Purchase Price (DPP) owned by GE Capital at March 31, 2019 and December 31, 2018, was $451 million and $468 million, respectively.

SALES OF GE CURRENT RECEIVABLES

During the three months ended March 31, 2019 and 2018, GE sold approximately 50% and 57% (65% and 70% excluding BHGE), respectively, of its current receivables to GE Capital or third parties primarily to manage GE short-term liquidity and credit exposure.

Activity related to current receivables purchased by GE Capital and third parties is as follows:



Three months ended March 31	2019						2018
(In millions)	GE Capital			Third Parties			GE Capital			Third Parties

Balance at January 1	$	4,386		$	7,885		$	9,877		$	5,718
GE sales to GE Capital	9,403			—			12,135			—
GE sales to third parties	—			1,161			—			1,112
GE Capital sales to third parties	(6,580		)	6,580			(6,684		)	6,684
Collections and other	(3,552		)	(7,905		)	(7,214		)	(7,898		)
Balance as of March 31	$	3,658		$	7,721		$	8,113		$	5,616

At March 31, 2019 and 2018, GE Capital had partial or full recourse to GE for approximately 35% and 41%, respectively, of the receivables it owned.

Current receivables sold to third parties include $5,093 million and $5,208 million sold to GE Capital, which GE Capital then sold to third parties under the receivables facilities during the three months ended March 31, 2019 and 2018, respectively. The company received total cash collections of $5,232 million and $5,315 million on previously sold current receivables owed to the purchasing entities during the three months ended March 31, 2019 and 2018, respectively. The purchasing entities invested $5,071 million and $4,251 million including $4,253 million and $3,531 million of collections to purchase newly originated current receivables from the Company during the three months ended March 31, 2019 and 2018, respectively. In addition, during the three months ended March 31, 2019 and 2018, GE Capital received additional non-cash DPP related to the sale of new current receivables of $44 million and $1,139 million, respectively, and received cash payments on the DPP of $61 million and $1,120 million, respectively.

The majority of GE sales of current receivables made to third parties are arranged by GE Capital acting as an agent.