An analysis of the allowance for credit losses and investment in financing receivables follows in millions of dollars:
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Revolving |
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Retail |
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Charge |
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Notes |
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Accounts |
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Other |
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Total |
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2013 |
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Allowance: |
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Beginning of year balance |
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$ |
110 |
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$ |
40 |
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$ |
27 |
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$ |
177 |
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Provision (credit) |
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(2) |
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5 |
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7 |
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10 |
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Write-offs |
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(11) |
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(21) |
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(3) |
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(35) |
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Recoveries |
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9 |
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17 |
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1 |
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27 |
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Translation adjustments |
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(5) |
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(1) |
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(6) |
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End of year balance* |
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$ |
101 |
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$ |
41 |
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$ |
31 |
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$ |
173 |
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Financing receivables: |
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End of year balance |
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$ |
21,160 |
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$ |
2,593 |
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$ |
6,206 |
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$ |
29,959 |
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Balance individually evaluated |
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$ |
21 |
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$ |
33 |
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$ |
54 |
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* Individual allowances were not significant.
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2012 |
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Allowance: |
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Beginning of year balance |
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$ |
130 |
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$ |
40 |
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$ |
27 |
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$ |
197 |
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Provision (credit) |
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(12) |
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8 |
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3 |
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(1) |
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Write-offs |
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(8) |
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(30) |
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(4) |
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(42) |
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Recoveries |
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10 |
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22 |
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1 |
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33 |
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Translation adjustments |
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(10) |
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(10) |
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End of year balance* |
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$ |
110 |
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$ |
40 |
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$ |
27 |
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$ |
177 |
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Financing receivables: |
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End of year balance |
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$ |
18,251 |
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$ |
2,488 |
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$ |
5,215 |
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$ |
25,954 |
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Balance individually evaluated |
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$ |
11 |
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$ |
1 |
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$ |
1 |
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$ |
13 |
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* Individual allowances were not significant.
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Revolving |
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Retail |
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Charge |
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Notes |
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Accounts |
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Other |
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Total |
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2011 |
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Allowance: |
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Beginning of year balance |
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$ |
144 |
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$ |
44 |
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$ |
37 |
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$ |
225 |
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Provision (credit) |
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|
3 |
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|
8 |
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(2) |
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|
9 |
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Write-offs |
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(29 |
) |
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|
(40 |
) |
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(10 |
) |
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(79 |
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Recoveries |
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|
12 |
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|
28 |
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|
2 |
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|
42 |
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End of year balance* |
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$ |
130 |
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$ |
40 |
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$ |
27 |
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$ |
197 |
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|
Financing receivables: |
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End of year balance |
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$ |
16,296 |
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$ |
2,518 |
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$ |
4,212 |
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$ |
23,026 |
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Balance individually evaluated |
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$ |
12 |
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$ |
11 |
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$ |
23 |
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* Individual allowances were not significant.