Financing Receivables (Tables)

12 Months Ended

Dec. 31, 2012

Financing Receivables

Financing receivables, net of allowances for credit losses, including residual values

($ in millions)

At December 31:	2012		2011
Current
Net investment in sales-type and direct financing leases	$	3,862	$	3,765
Commercial financing receivables	7,750		7,095
Client loan receivables	5,395		5,195
Installment payment receivables	1,031		846
Total	$	18,038	$	16,901
Noncurrent
Net investment in sales-type and direct financing leases	$	6,107	$	5,406
Commercial financing receivables	5		34
Client loan receivables	5,966		4,925
Installment payment receivables	733		410
Total	$	12,812	$	10,776

Schedule of financing receivables and allowance for credit losses by portfolio segment

($ in millions)

	Major			Growth
At December 31, 2012:	Markets			Markets			Total
Financing receivables
Lease receivables	$	7,036		$	2,138		$	9,174
Loan receivables	9,666			3,670			13,336
Ending balance	$	16,701		$	5,808		$	22,510
Collectively evaluated for impairment	$	16,570		$	5,684		$	22,254
Individually evaluated for impairment	$	131		$	125		$	256
Allowance for credit losses:
Beginning balance at January 1, 2012
Lease receivables	$	79		$	40		$	118
Loan receivables	125			64			189
Total	$	203		$	104		$	307
Write-offs	(14		)	(1		)	(15		)
Provision	(9		)	38			28
Other	0			(2		)	(2		)
Ending balance at December 31, 2012	$	180		$	138		$	318
Lease receivables	$	59		$	55		$	114
Loan receivables	$	121		$	84		$	204
Collectively evaluated for impairment	$	69		$	29		$	98
Individually evaluated for impairment	$	111		$	109		$	220

($ in millions)

	Major			Growth
At December 31, 2011:	Markets			Markets			Total
Financing receivables
Lease receivables	$	6,510		$	1,921		$	8,430
Loan receivables	9,077			2,552			11,629
Ending balance	$	15,587		$	4,472		$	20,060
Collectively evaluated for impairment	$	15,321		$	4,370		$	19,692
Individually evaluated for impairment	$	266		$	102		$	368
Allowance for credit losses:
Beginning balance at January 1, 2011
Lease receivables	$	84		$	42		$	126
Loan receivables	150			76			226
Total	$	234		$	119		$	353
Write-offs	(68		)	(16		)	(84		)
Provision	39			5			44
Other	(1		)	(4		)	(5		)
Ending balance at December 31, 2011	$	203		$	104		$	307
Lease receivables	$	79		$	40		$	118
Loan receivables	$	125		$	64		$	189
Collectively evaluated for impairment	$	82		$	15		$	96
Individually evaluated for impairment	$	122		$	89		$	211

Schedule of recorded investment in financing receivables which are on Non-Accrual Status

($ in millions)

At December 31:	2012		2011
Major markets	$	27	$	46
Growth markets	21		20
Total lease receivables	$	47	$	66
Major markets	$	67	$	75
Growth markets	25		24
Total loan receivables	$	92	$	99
Total receivables	$	139	$	165

Schedule of impaired client loan receivables

($ in millions)

	Recorded		Related
At December 31, 2012:	Investment		Allowance
Major markets	$	88	$	77
Growth markets	72		65
Total	$	160	$	143

($ in millions)

	Recorded		Related
At December 31, 2011:	Investment		Allowance
Major markets	$	110	$	70
Growth markets	62		53
Total	$	172	$	123

($ in millions)

					Interest
					Income
	Average		Interest		Recognized
	Recorded		Income		on Cash
For the year ended December 31, 2012:	Investment		Recognized		Basis
Major markets	$	90	$	0	$	0
Growth markets	65		0		0
Total	$	156	$	0	$	0

($ in millions)

					Interest
					Income
	Average		Interest		Recognized
	Recorded		Income		on Cash
For the year ended December 31, 2011:	Investment		Recognized		Basis
Major markets	$	142	$	2	$	0
Growth markets	90		0		0
Total	$	232	$	3	$	0

Schedule of gross recorded investment by credit quality indicator

($ in millions)

	Major		Growth
At December 31, 2012:	Markets		Markets
Credit rating
Aaa–Aa3	$	646	$	86
A1–A3	1,664		223
Baa1–Baa3	2,285		776
Ba1–Ba2	1,367		450
Ba3–B1	552		418
B2–B3	399		127
Caa–D	124		58
Total	$	7,036	$	2,138

Loan Receivables

($ in millions)

	Major		Growth
At December 31, 2012:	Markets		Markets
Credit rating
Aaa–Aa3	$	887	$	148
A1–A3	2,286		382
Baa1–Baa3	3,139		1,333
Ba1–Ba2	1,878		773
Ba3–B1	758		718
B2–B3	548		218
Caa–D	170		99
Total	$	9,666	$	3,670

Lease Receivables

($ in millions)

	Major		Growth
At December 31, 2011:	Markets		Markets
Credit rating
Aaa–Aa3	$	697	$	139
A1–A3	1,459		306
Baa1–Baa3	2,334		654
Ba1–Ba2	1,118		457
Ba3–B1	534		252
B2–B3	260		97
Caa–D	108		15
Total	$	6,510	$	1,921

Loan Receivables

($ in millions)

	Major		Growth
At December 31, 2011:	Markets		Markets
Credit rating
Aaa–Aa3	$	971	$	185
A1–A3	2,034		407
Baa1–Baa3	3,255		869
Ba1–Ba2	1,559		607
Ba3–B1	744		335
B2–B3	362		129
Caa–D	151		20
Total	$	9,077	$	2,552

Schedule of past due financing receivables

($ in millions)

							Recorded
	Total				Total		Investment
	Past Due				Financing		> 90 Days
At December 31, 2012:	> 90 Days*		Current		Receivables		and Accruing
Major markets	$	8	$	7,028	$	7,036	$	5
Growth markets	11		2,127		2,138		8
Total lease receivables	$	20	$	9,154	$	9,174	$	13
Major markets	$	27	$	9,639	$	9,666	$	8
Growth markets	36		3,634		3,670		31
Total loan receivables	$	63	$	13,273	$	13,336	$	39
Total	$	82	$	22,428	$	22,510	$	52

* Does not include accounts that are fully reserved.

($ in millions)

							Recorded
	Total				Total		Investment
	Past Due				Financing		> 90 Days
At December 31, 2011:	> 90 Days*		Current		Receivables		and Accruing
Major markets	$	6	$	6,504	$	6,510	$	6
Growth markets	9		1,911		1,921		6
Total lease receivables	$	16	$	8,415	$	8,430	$	12
Major markets	$	23	$	9,054	$	9,077	$	7
Growth markets	22		2,530		2,552		19
Total loan receivables	$	46	$	11,584	$	11,629	$	26
Total	$	62	$	19,998	$	20,060	$	38

* Does not include accounts that are fully reserved.