FINANCING RECEIVABLES AND ALLOWANCES

9 Months Ended

Sep. 30, 2020

NOTE 5. FINANCING RECEIVABLES AND ALLOWANCES


	Consolidated				GE Capital
(In millions)	September 30, 2020		December 31, 2019		September 30, 2020		December 31, 2019
Loans, net of deferred income	$	1,192	$	1,098	$	5,572	$	4,927
Investment in financing leases, net of deferred income	1,914		2,070		1,914		2,070
	3,106		3,168		7,486		6,996
Allowance for losses	(85)		(33)		(61)		(17)
Financing receivables – net	$	3,021	$	3,134	$	7,425	$	6,979

Consolidated finance lease income was $33 million and $43 million in the three months ended September 30, 2020 and 2019, respectively, and $111 million and $135 million in the nine months ended September 30, 2020 and 2019, respectively.

We manage our GE Capital financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At September 30, 2020, 5.2%, 4.0% and 4.6% of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively, with the vast majority of nonaccrual financing receivables secured by collateral. At December 31, 2019, 4.2%, 2.9% and 6.1% of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively.

GE Capital financing receivables that comprise receivables purchased from GE are reclassified to either Current receivables or All other assets in our consolidated Statement of Financial Position. To the extent these receivables are purchased with full or limited recourse, they are excluded from the delinquency and nonaccrual data above. See Note 4 for further information.