Financing Receivables (Tables)

12 Months Ended

Dec. 31, 2014

Financing Receivables

Schedule of financing receivables, net of allowances for credit losses, including residual values

($ in millions)
At December 31:		2014		2013
Current
	Net investment in sales-type and direct financing leases	$	3,781	$	4,004
	Commercial financing receivables		8,423		8,541
	Client loan and installment payment receivables (loans)		7,631		7,243
Total		$	19,835	$	19,787
Noncurrent
	Net investment in sales-type and direct financing leases	$	4,449	$	5,700
	Client loan and installment payment receivables (loans)		6,660		7,055
Total		$	11,109	$	12,755

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

($ in millions)
		Major		Growth
At December 31, 2014:		Markets		Markets		Total
Financing receivables
	Lease receivables	$	5,702	$	1,943	$	7,645
	Loan receivables		10,049		4,639		14,687
Ending balance		$	15,751	$	6,581	$	22,332
Collectively evaluated for impairment		$	15,665	$	6,156	$	21,812
Individually evaluated for impairment		$	86	$	425	$	511
Allowance for credit losses:
Beginning balance at January 1, 2014
	Lease receivables	$	42	$	80	$	123
	Loan receivables		95		147		242
Total		$	137	$	228	$	365
	Write-offs		(18)		(6)		(24)
	Provision		3		240		243
	Other		(12)		(11)		(23)
Ending balance at December 31, 2014		$	111	$	450	$	561
	Lease receivables	$	32	$	133	$	165
	Loan receivables	$	79	$	317	$	396
Collectively evaluated for impairment		$	42	$	39	$	81
Individually evaluated for impairment		$	69	$	411	$	480

($ in millions)
		Major		Growth
At December 31, 2013:		Markets		Markets		Total
Financing receivables
	Lease receivables	$	6,796	$	2,200	$	8,996
	Loan receivables		10,529		4,012		14,542
Ending balance		$	17,325	$	6,212	$	23,537
Collectively evaluated for impairment		$	17,206	$	6,013	$	23,219
Individually evaluated for impairment		$	119	$	199	$	318
Allowance for credit losses:
Beginning balance at January 1, 2013
	Lease receivables	$	59	$	55	$	114
	Loan receivables		121		84		204
Total		$	180	$	138	$	318
	Write-offs		(23)		(10)		(33)
	Provision		(21)		105		84
	Other		1		(6)		(5)
Ending balance at December 31, 2013		$	137	$	228	$	365
	Lease receivables	$	42	$	80	$	123
	Loan receivables	$	95	$	147	$	242
Collectively evaluated for impairment		$	45	$	48	$	93
Individually evaluated for impairment		$	93	$	179	$	272

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

($ in millions)
At December 31:	2014		2013
Major markets	$	13	$	25
Growth markets		40		34
Total lease receivables	$	53	$	59
Major markets	$	27	$	40
Growth markets		151		92
Total loan receivables	$	178	$	132
Total receivables	$	231	$	191

Schedule of impaired client loan receivables

($ in millions)
	Recorded		Related
At December 31, 2014:	Investment		Allowance
Major markets	$	54	$	47
Growth markets		299		293
Total	$	353	$	340

($ in millions)
	Recorded		Related
At December 31, 2013:	Investment		Allowance
Major markets	$	79	$	67
Growth markets		122		116
Total	$	201	$	183

($ in millions)
					Interest
	Average		Interest		Income
	Recorded		Income		Recognized on
For the year ended December 31, 2014:	Investment		Recognized		Cash Basis
Major markets	$	68	$	0	$	-
Growth markets		208		0		-
Total	$	276	$	0	$	-

($ in millions)
					Interest
	Average		Interest		Income
	Recorded		Income		Recognized on
For the year ended December 31, 2013:	Investment		Recognized		Cash Basis
Major markets	$	76	$	0	$	0
Growth markets		97		0		0
Total	$	173	$	0	$	0

Schedule of gross recorded investment by credit quality indicator

Lease Receivables
($ in millions)
		Major		Growth
At December 31, 2014:		Markets		Markets
Credit Rating
	AAA – AA-	$	563	$	46
	A+ – A-		1,384		178
	BBB+ – BBB-		1,704		900
	BB+ – BB		1,154		272
	BB- – B+		470		286
	B – B-		372		176
	CCC+ – D		55		85
Total		$	5,702	$	1,943

Loan Receivables
($ in millions)
		Major		Growth
At December 31, 2014:		Markets		Markets
Credit Rating
	AAA – AA-	$	993	$	110
	A+ – A-		2,438		425
	BBB+ – BBB-		3,003		2,148
	BB+ – BB		2,034		649
	BB- – B+		827		683
	B – B-		655		420
	CCC+ – D		98		203
Total		$	10,049	$	4,639

Lease Receivables
($ in millions)
		Major		Growth
At December 31, 2013:		Markets		Markets
Credit Rating
	AAA – AA-	$	743	$	68
	A+ – A-		1,513		168
	BBB+ – BBB-		2,111		957
	BB+ – BB		1,393		350
	BB- – B+		595		368
	B – B-		365		214
	CCC+ – D		76		74
Total		$	6,796	$	2,200

Loan Receivables
($ in millions)
		Major		Growth
At December 31, 2013:		Markets		Markets
Credit Rating
	AAA – A-	$	1,151	$	125
	A+ – A-		2,344		307
	BBB+ – BBB-		3,271		1,745
	BB+ – BB		2,158		638
	BB- – B+		922		672
	B – B-		565		391
	CCC+ – D		118		134
Total		$	10,529	$	4,012

Schedule of past due financing receivables

($ in millions)
							Recorded
	Total				Total		Investment
	Past Due				Financing		> 90 Days
At December 31, 2014:	> 90 days*		Current		Receivables		and Accruing
Major markets	$	6	$	5,696	$	5,702	$	6
Growth markets		32		1,911		1,943		14
Total lease receivables	$	38	$	7,607	$	7,645	$	20
Major markets	$	9	$	10,040	$	10,049	$	9
Growth markets		35		4,603		4,639		18
Total loan receivables	$	44	$	14,643	$	14,687	$	27
Total	$	82	$	22,250	$	22,332	$	47
* Does not include accounts that are fully reserved.

($ in millions)
							Recorded
	Total				Total		Investment
	Past Due				Financing		> 90 Days
At December 31, 2013:	> 90 days*		Current		Receivables		and Accruing
Major markets	$	6	$	6,789	$	6,796	$	5
Growth markets		19		2,181		2,200		11
Total lease receivables	$	25	$	8,970	$	8,996	$	16
Major markets	$	9	$	10,520	$	10,529	$	6
Growth markets		34		3,979		4,012		18
Total loan receivables	$	43	$	14,499	$	14,542	$	25
Total	$	68	$	23,469	$	23,537	$	41
* Does not include accounts that are fully reserved.