Financing Receivables (Tables)

12 Months Ended

Dec. 31, 2015

Financing Receivables

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

($ in millions)
At December 31:		2015		2014
Current
	Net investment in sales-type and direct financing leases	$	3,057	$	3,781
	Commercial financing receivables		8,948		8,423
	Client loan and installment payment receivables (loans)		7,015		7,631
Total		$	19,020	$	19,835
Noncurrent
	Net investment in sales-type and direct financing leases	$	4,501	$	4,449
	Client loan and installment payment receivables (loans)		5,512		6,660
Total		$	10,013	$	11,109

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

($ in millions)
		Major		Growth
At December 31, 2015:		Markets		Markets		Total
Financing receivables
	Lease receivables	$	5,517	$	1,524	$	7,041
	Loan receivables		9,739		3,165		12,904
Ending balance		$	15,256	$	4,689	$	19,945
Collectively evaluated for impairment		$	15,180	$	4,227	$	19,406
Individually evaluated for impairment		$	76	$	462	$	539
Allowance for credit losses
Beginning balance at January 1, 2015
	Lease receivables	$	32	$	133	$	165
	Loan receivables		79		317		396
Total		$	111	$	450	$	561
	Write-offs		(14)		(48)		(62)
	Provision		20		122		141
	Other		(8)		(43)		(51)
Ending balance at December 31, 2015		$	109	$	481	$	590
	Lease receivables	$	25	$	188	$	213
	Loan receivables	$	83	$	293	$	377
Collectively evaluated for impairment		$	43	$	36	$	79
Individually evaluated for impairment		$	65	$	445	$	511

($ 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	$	21,821
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

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

($ in millions)
At December 31:	2015		2014
Major markets	$	2	$	13
Growth markets		63		40
Total lease receivables	$	65	$	53
Major markets	$	13	$	27
Growth markets		91		151
Total loan receivables	$	104	$	178
Total receivables	$	168	$	231

Schedule of impaired client loan receivables

($ in millions)
	Recorded		Related
At December 31, 2015:	Investment		Allowance
Major markets	$	50	$	47
Growth markets		297		284
Total	$	347	$	331

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

($ in millions)
					Interest
	Average		Interest		Income
	Recorded		Income		Recognized on
For the year ended December 31, 2015:	Investment		Recognized		Cash Basis
Major markets	$	51	$	0	$	—
Growth markets		315		0		—
Total	$	367	$	0	$	—

($ 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	$	—

Schedule of gross recorded investment by credit quality indicator

Lease Receivables
($ in millions)
		Major		Growth
At December 31, 2015:		Markets		Markets
Credit Rating
	Aaa – Aa3	$	538	$	39
	A1 – A3		1,324		162
	Baa1 – Baa3		1,493		392
	Ba1 – Ba2		1,214		352
	Ba3 – B1		513		277
	B2 – B3		403		215
	Caa – D		33		87
Total		$	5,517	$	1,524

Loan Receivables
($ in millions)
		Major		Growth
At December 31, 2015:		Markets		Markets
Credit Rating
	Aaa – Aa3	$	949	$	80
	A1 – A3		2,338		336
	Baa1 – Baa3		2,635		813
	Ba1 – Ba2		2,143		732
	Ba3 – B1		905		576
	B2 – B3		711		447
	Caa – D		59		181
Total		$	9,739	$	3,165

Lease Receivables
($ in millions)
		Major		Growth
At December 31, 2014:		Markets		Markets
Credit Rating
	Aaa – Aa3	$	563	$	46
	A1 – A3		1,384		178
	Baa1 – Baa3		1,704		900
	Ba1 – Ba2		1,154		272
	Ba3 – B1		470		286
	B2 – B3		372		176
	Caa – D		55		85
Total		$	5,702	$	1,943

Loan Receivables
($ in millions)
		Major		Growth
At December 31, 2014:		Markets		Markets
Credit Rating
	Aaa – Aa3	$	993	$	110
	A1 – A3		2,438		425
	Baa1 – Baa3		3,003		2,148
	Ba1 – Ba2		2,034		649
	Ba3 – B1		827		683
	B2 – B3		655		420
	Caa – D		98		203
Total		$	10,049	$	4,639

Schedule of past due financing receivables

($ in millions)
							Recorded
	Total				Total		Investment
	Past Due				Financing		> 90 Days
At December 31, 2015:	> 90 days*		Current		Receivables		and Accruing
Major markets	$	5	$	5,512	$	5,517	$	5
Growth markets		30		1,494		1,524		13
Total lease receivables	$	35	$	7,006	$	7,041	$	19
Major markets	$	7	$	9,732	$	9,739	$	7
Growth markets		31		3,134		3,165		14
Total loan receivables	$	38	$	12,866	$	12,904	$	22
Total	$	73	$	19,872	$	19,945	$	40
* Does not include accounts that are fully reserved.

($ 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.