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Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Finance Receivables Portfolio
 
December 31, 2017
 
December 31, 2016
Retail finance receivables
 
 
 
Retail finance receivables, collectively evaluated for impairment, net of fees
$
30,574

 
$
24,480

Retail finance receivables, individually evaluated for impairment, net of fees
2,228

 
1,920

Total retail finance receivables(a)
32,802

 
26,400

Less: allowance for loan losses - collective
(561
)
 
(489
)
Less: allowance for loan losses - specific
(328
)
 
(276
)
Total retail finance receivables, net
31,913

 
25,635

Commercial finance receivables
 
 
 
Commercial finance receivables, collectively evaluated for impairment, net of fees
10,290

 
7,853

Commercial finance receivables, individually evaluated for impairment, net of fees
22

 
27

Total commercial finance receivables
10,312

 
7,880

Less: allowance for loan losses - collective
(50
)
 
(36
)
Less: allowance for loan losses - specific
(3
)
 
(4
)
Total commercial finance receivables, net
10,259

 
7,840

Total finance receivables, net
$
42,172

 
$
33,475

Fair value of finance receivables
$
42,178

 
$
33,528


________________
(a)
Net of unearned income, unamortized premiums and discounts, and deferred fees and costs of $228 million and $178 million at December 31, 2017 and 2016.
Summary of Finance Receivables
Retail Finance Receivables
Years ended December 31,
 
2017
 
2016
 
2015
Retail finance receivables beginning balance
$
26,400

 
$
22,397

 
$
18,859

Purchases
19,920

 
14,468

 
13,919

Principal collections and other
(12,428
)
 
(9,508
)
 
(7,891
)
Charge-offs
(1,171
)
 
(1,136
)
 
(966
)
Foreign currency translation
81

 
179

 
(1,524
)
Retail finance receivables ending balance
$
32,802

 
$
26,400

 
$
22,397
Allowance for Credit Losses on Financing Receivables
A summary of the activity in the allowance for retail loan losses is as follows:
 
Years ended December 31,
 
2017
 
2016
 
2015
Allowance for retail loan losses beginning balance
$
765

 
$
713

 
$
638

Provision for loan losses
742

 
640

 
592

Charge-offs
(1,171
)
 
(1,136
)
 
(966
)
Recoveries
552

 
542

 
469

Foreign currency translation
1

 
6

 
(20
)
Allowance for retail loan losses ending balance
$
889

 
$
765

 
$
713
Past Due Financing Receivables
The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables, which is not significantly different than the recorded investment for such receivables. 
 
December 31, 2017
 
December 31, 2016
 
Amount
 
Percent of Contractual Amount Due
 
Amount
 
Percent of Contractual Amount Due
31 - 60 days
$
1,334

 
4.1
%
 
$
1,220

 
4.6
%
Greater than 60 days
559

 
1.7

 
532

 
2.0

Total finance receivables more than 30 days delinquent
1,893

 
5.8

 
1,752

 
6.6

In repossession
27

 
—

 
47

 
0.2

Total finance receivables more than 30 days delinquent or in repossession
$
1,920

 
5.8
%
 
$
1,799

 
6.8
%
Troubled Debt Restructurings on Financing Receivables
The outstanding recorded investment for retail finance receivables that are considered to be TDRs and the related allowance is presented below:
 
December 31, 2017
 
December 31, 2016
Outstanding recorded investment
$
2,228

 
$
1,920

Less: allowance for loan losses
(328
)
 
(276
)
Outstanding recorded investment, net of allowance
$
1,900

 
$
1,644

Unpaid principal balance
$
2,266

 
$
1,967

Additional information about loans classified as TDRs is presented below:
 
Years Ended December 31,
 
2017
 
2016
 
2015
Average outstanding recorded investment
$
2,074

 
$
1,766

 
$
1,455

Finance charge income recognized
$
228

 
$
205

 
$
164

Number of loans classified as TDRs during the period
74,784

 
66,926

 
58,012

Recorded investment of loans classified as TDRs during the period
$
1,309

 
$
1,148

 
$
982
Activity in Commercial Finance Receivables Portfolio
Commercial Finance Receivables
Years Ended December 31,
 
2017
 
2016
 
2015
Commercial finance receivables beginning balance
$
7,880

 
$
5,392

 
$
4,884

Net funding
2,356

 
2,534

 
848

Charge-offs
(2
)
 
(1
)
 
(3
)
Foreign currency translation
78

 
(45
)
 
(337
)
Commercial finance receivables ending balance
$
10,312

 
$
7,880

 
$
5,392
Retail Finance Receivables [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Financing Receivable Credit Quality Indicators
A summary of the credit risk profile by FICO score band or equivalent scores, determined at origination, of the retail finance receivables is as follows:
 
December 31, 2017
 
December 31, 2016
 
Amount
 
Percent
 
Amount
 
Percent
Prime - FICO Score 680 and greater
$
16,892

 
51.5
%
 
$
11,417

 
43.2
%
Near-prime - FICO Score 620 to 679
5,226

 
15.9

 
4,222

 
16.0

Sub-prime - FICO Score less than 620
10,684

 
32.6

 
10,761

 
40.8

Balance at end of period
$
32,802

 
100.0
%
 
$
26,400

 
100.0
%
Commercial Finance Receivables [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Financing Receivable Credit Quality Indicators
The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables: 
 
 
 
December 31, 2017
 
December 31, 2016
 
 
 
Amount
 
Percent
 
Amount
 
Percent
Group I
-
Dealers with superior financial metrics
$
1,915

 
18.6
%
 
$
1,389

 
17.6
%
Group II
-
Dealers with strong financial metrics
3,584

 
34.7

 
2,661

 
33.8

Group III
-
Dealers with fair financial metrics
3,424

 
33.2

 
2,775

 
35.2

Group IV
-
Dealers with weak financial metrics
1,048

 
10.2

 
631

 
8.0

Group V
-
Dealers warranting special mention due to elevated risks
260

 
2.5

 
334

 
4.2

Group VI
-
Dealers with loans classified as substandard, doubtful or impaired
81

 
0.8

 
90

 
1.2

Balance at end of period
$
10,312

 
100.0
%
 
$
7,880

 
100.0
%