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ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]  
Allowance for credit losses
 
Three Months Ended September 30,
Nine Months Ended 
 September 30,
In millions of dollars
2016
2015
2016
2015
Allowance for loan losses at beginning of period
$
12,304

$
14,075

$
12,626

$
15,994

Gross credit losses
(1,948
)
(2,068
)
(6,139
)
(6,861
)
Gross recoveries(1)
423

405

1,274

1,321

Net credit losses (NCLs)(2)
$
(1,525
)
$
(1,663
)
$
(4,865
)
$
(5,540
)
NCLs
$
1,525

$
1,663

$
4,865

$
5,540

Net reserve builds (releases)
258

43

210

(247
)
Net specific reserve releases
(37
)
(124
)
(53
)
(441
)
Total provision for loan losses
$
1,746

$
1,582

$
5,022

$
4,852

Other, net (see table below)
(86
)
(368
)
(344
)
(1,680
)
Allowance for loan losses at end of period
$
12,439

$
13,626

$
12,439

$
13,626

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,432

$
973

$
1,402

$
1,063

Provision (release) for unfunded lending commitments
(45
)
65

(4
)
(20
)
Other, net
1

(2
)
(10
)
(7
)
Allowance for credit losses on unfunded lending commitments at end of period(3)
$
1,388

$
1,036

$
1,388

$
1,036

Total allowance for loans, leases, and unfunded lending commitments
$
13,827

$
14,662

$
13,827

$
14,662

 
 
 
 
 
Other, net details
Three Months Ended September 30,
Nine Months Ended 
 September 30,
In millions of dollars
2016
2015
2016
2015
Sales or transfers of various Consumer loan portfolios to held-for-sale
 
 
 
 
Transfer of real estate loan portfolios
$
(50
)
$
(14
)
$
(103
)
$
(329
)
Transfer of other loan portfolios
(8
)
(96
)
(204
)
(901
)
Sales or transfers of various Consumer loan portfolios to held-for-sale
$
(58
)
$
(110
)
$
(307
)
$
(1,230
)
FX translation, Consumer
(46
)
(255
)
(58
)
(439
)
Other, Corporate
18

(3
)
21

(11
)
Other, net
$
(86
)
$
(368
)
$
(344
)
$
(1,680
)

(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, 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 and $116 million of net credit losses were recorded as a reduction in revenue (Other revenue) during the second and third quarters of 2015, respectively.
(3)
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
 
Three Months Ended
 
September 30, 2016
September 30, 2015
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,872

$
9,432

$
12,304

$
2,406

$
11,669

$
14,075

Charge-offs
(63
)
(1,885
)
(1,948
)
(78
)
(1,990
)
(2,068
)
Recoveries
23

400

423

28

377

405

Replenishment of net charge-offs
40

1,485

1,525

50

1,613

1,663

Net reserve builds (releases)
(110
)
368

258

116

(73
)
43

Net specific reserve builds (releases)
(1
)
(36
)
(37
)
78

(202
)
(124
)
Other
5

(91
)
(86
)
(4
)
(364
)
(368
)
Ending balance
$
2,766

$
9,673

$
12,439

$
2,596

$
11,030

$
13,626

 
Nine Months Ended
 
September 30, 2016
September 30, 2015
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,791

$
9,835

$
12,626

$
2,447

$
13,547

$
15,994

Charge-offs
(445
)
(5,694
)
(6,139
)
(230
)
(6,631
)
(6,861
)
Recoveries
52

1,222

1,274

80

1,241

1,321

Replenishment of net charge-offs
393

4,472

4,865

150

5,390

5,540

Net reserve builds (releases)
(122
)
332

210

196

(443
)
(247
)
Net specific reserve builds (releases)
89

(142
)
(53
)
(38
)
(403
)
(441
)
Other
8

(352
)
(344
)
(9
)
(1,671
)
(1,680
)
Ending balance
$
2,766

$
9,673

$
12,439

$
2,596

$
11,030

$
13,626


 
September 30, 2016
December 31, 2015
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses
 

 

 

 
 
 
Determined in accordance with ASC 450
$
2,285

$
7,960

$
10,245

$
2,408

$
7,776

$
10,184

Determined in accordance with ASC 310-10-35
481

1,707

2,188

380

2,046

2,426

Determined in accordance with ASC 310-30
—

6

6

3

13

16

Total allowance for loan losses
$
2,766

$
9,673

$
12,439

$
2,791

$
9,835

$
12,626

Loans, net of unearned income
 
 
 
 
 


Loans collectively evaluated for impairment in accordance with ASC 450
$
303,179

$
319,953

$
623,132

$
285,053

$
315,314

$
600,367

Loans individually evaluated for impairment in accordance with ASC 310-10-35
2,615

8,524

11,139

1,803

10,192

11,995

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

194

194

5

245

250

Loans held at fair value
3,939

31

3,970

4,971

34

5,005

Total loans, net of unearned income
$
309,733

$
328,702

$
638,435

$
291,832

$
325,785

$
617,617