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ALLOWANCE FOR CREDIT LOSSES (Tables)
 6 Months Ended
Jun. 30, 2015
Loans and Leases Receivable, Allowance [Abstract]  
Allowance for credit losses
 
Three Months Ended June 30,
Six Months Ended 
 June 30,
In millions of dollars
2015
2014
2015
2014
Allowance for loan losses at beginning of period
$
14,598

$
18,923

$
15,994

$
19,648

Gross credit losses
(2,335
)
(2,812
)
(4,793
)
(5,795
)
Gross recoveries (1)
415

623

916

1,167

Net credit losses (NCLs) (2)
$
(1,920
)
$
(2,189
)
$
(3,877
)
$
(4,628
)
NCLs
$
1,920

$
2,189

$
3,877

$
4,628

Net reserve releases
(199
)
(521
)
(290
)
(1,081
)
Net specific reserve releases
(206
)
(89
)
(317
)
(175
)
Total provision for credit losses
$
1,515

$
1,579

$
3,270

$
3,372

Other, net (3)
(118
)
(423
)
(1,312
)
(502
)
Allowance for loan losses at end of period
$
14,075

$
17,890

$
14,075

$
17,890

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,023

$
1,202

$
1,063

$
1,229

Provision (release) for unfunded lending commitments
(48
)
(31
)
(85
)
(58
)
Other, net
(2
)
5

(5
)
5

Allowance for credit losses on unfunded lending commitments at end of period (4)
$
973

$
1,176

$
973

$
1,176

Total allowance for loans, leases, and unfunded lending commitments
$
15,048

$
19,066

$
15,048

$
19,066


(1)
Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful.
(2)
As a result of the entry into an agreement in March 2015 to sell OneMain Financial (OneMain), OneMain was classified as held-for-sale (HFS) at the end of the first quarter of 2015. As a result of HFS accounting treatment, approximately $160 million of net credit losses were recorded as a reduction in revenue (Other revenue) during the second quarter of 2015.
(3)
The second quarter of 2015 includes a reduction of approximately $88 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $34 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the second quarter of 2015 includes a reduction of approximately $39 million related to FX translation. The first quarter of 2015 includes a reduction of approximately $1.0 billion related to the sale or transfers to HFS of various loan portfolios, including a reduction of $281 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the first quarter of 2015 includes a reduction of approximately $145 million related to FX translation. The second quarter of 2014 includes a reduction of approximately $480 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of approximately $204 million and $177 million related to the transfer of HFS of businesses in Greece and Spain and $29 million related to the sale of the Honduras business, and $66 million related to a transfer of a real estate loan portfolio to HFS. These amounts are partially offset by FX translation on the entire allowance balance. The first quarter of 2014 includes reductions of approximately $79 million related to the sale or transfer to HFS of various loan portfolios.
(4)
Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
Schedule of allowance for credit losses and investment in loans by portfolio segment
Allowance for Credit Losses and Investment in Loans
 
Three Months Ended
 
June 30, 2015
June 30, 2014
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,476

$
12,122

$
14,598

$
2,472

$
16,451

$
18,923

Charge-offs
(123
)
(2,212
)
(2,335
)
(47
)
(2,765
)
(2,812
)
Recoveries
17

398

415

36

587

623

Replenishment of net charge-offs
106

1,814

1,920

11

2,178

2,189

Net reserve releases
(41
)
(158
)
(199
)
(26
)
(495
)
(521
)
Net specific reserve releases
(119
)
(87
)
(206
)
(75
)
(14
)
(89
)
Other
10

(128
)
(118
)
(1
)
(422
)
(423
)
Ending balance
$
2,326

$
11,749

$
14,075

$
2,370

$
15,520

$
17,890


 
Six Months Ended
 
June 30, 2015
June 30, 2014
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,389

$
13,605

$
15,994

$
2,584

$
17,064

$
19,648

Charge-offs
(146
)
(4,647
)
(4,793
)
(221
)
(5,574
)
(5,795
)
Recoveries
49

867

916

65

1,102

1,167

Replenishment of net charge-offs
97

3,780

3,877

156

4,472

4,628

Net reserve build (releases)
59

(349
)
(290
)
(127
)
(954
)
(1,081
)
Net specific reserve build (releases)
(116
)
(201
)
(317
)
(85
)
(90
)
(175
)
Other
(6
)
(1,306
)
(1,312
)
(2
)
(500
)
(502
)
Ending balance
$
2,326

$
11,749

$
14,075

$
2,370

$
15,520

$
17,890


 
June 30, 2015
December 31, 2014
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses
 

 

 

 
 
 
Determined in accordance with ASC 450
$
2,161

$
8,553

$
10,714

$
2,110

$
9,673

$
11,783

Determined in accordance with ASC 310-10-35
162

3,176

3,338

235

3,917

4,152

Determined in accordance with ASC 310-30
3

20

23

44

15

59

Total allowance for loan losses
$
2,326

$
11,749

$
14,075

$
2,389

$
13,605

$
15,994

Loans, net of unearned income
 
 
 
 
 


Loans collectively evaluated for impairment in accordance with ASC 450
$
281,827

$
327,061

$
608,888

$
267,271

$
350,199

$
617,470

Loans individually evaluated for impairment in accordance with ASC 310-10-35
1,434

14,915

16,349

1,485

19,358

20,843

Loans acquired with deteriorated credit quality in accordance with ASC 310-30
9

334

343

51

370

421

Loans held at fair value
6,499

39

6,538

5,858

43

5,901

Total loans, net of unearned income
$
289,769

$
342,349

$
632,118

$
274,665

$
369,970

$
644,635