|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In millions) |
|
2006 |
|
|
2005 |
|
|
2004 |
|
| Balance at January 1 |
|
|
|
|
|
|
|
|
|
| Commercial Finance |
|
|
|
|
|
|
|
|
|
| GE Money |
|
3,234 |
|
|
3,473 |
|
|
3,984 |
|
| Infrastructure |
|
220 |
|
|
583 |
|
|
293 |
|
| Other |
|
29 |
|
|
30 |
|
|
27 |
|
| |
|
4,593 |
|
|
5,648 |
|
|
6,256 |
|
| Provision charged to operations |
|
|
|
|
|
|
|
|
|
| Commercial Finance |
|
121 |
|
|
293 |
|
|
327 |
|
| GE Money |
|
3,767 |
|
|
3,337 |
|
|
3,219 |
|
| Infrastructure |
|
(64 |
) |
|
210 |
|
|
325 |
|
| Other |
|
15 |
|
|
1 |
|
|
17 |
|
| |
|
3,839 |
|
|
3,841 |
|
|
3,888 |
|
| Other reductions, net |
|
(5 |
) |
|
(487 |
) |
|
(74 |
) |
| Gross write-offs |
|
|
|
|
|
|
|
|
|
| Commercial Finance |
|
(558 |
) |
|
(892 |
) |
|
(928 |
) |
| GE Money |
|
(4,773 |
) |
|
(4,447 |
) |
|
(4,423 |
) |
| Infrastructure |
|
(112 |
) |
|
(572 |
) |
|
(27 |
) |
| Other |
|
(34 |
) |
|
(48 |
) |
|
(74 |
) |
| |
|
(5,477 |
) |
|
(5,959 |
) |
|
(5,452 |
) |
| Recoveries |
|
|
|
|
|
|
|
|
|
| Commercial Finance |
|
188 |
|
|
180 |
|
|
161 |
|
| GE Money |
|
1,533 |
|
|
1,359 |
|
|
846 |
|
| Infrastructure |
|
— |
|
|
— |
|
|
2 |
|
| Other |
|
9 |
|
|
11 |
|
|
21 |
|
| |
|
1,730 |
|
|
1,550 |
|
|
1,030 |
|
| Balance at December 31 |
|
|
|
|
|
|
|
|
|
| Commercial Finance |
|
893 |
|
|
1,110 |
|
|
1,562 |
|
| GE Money |
|
3,715 |
|
|
3,234 |
|
|
3,473 |
|
| Infrastructure |
|
44 |
|
|
220 |
|
|
583 |
|
| Other |
|
28 |
|
|
29 |
|
|
30 |
|
| Total |
|
|
|
|
|
|
|
|
|
| |
See note 13 for amounts related to consolidated, liquidating securitization entities.
Selected Financing Receivables Ratios
|
|
|
|
|
|
|
|
|
|
| December 31 |
|
2006 |
|
|
2005 |
|
| Allowance for losses on financing receivables as a percentage of total financing receivables |
|
|
|
|
|
|
| Commercial Finance |
|
0.58 |
% |
|
0.84 |
% |
| GE Money |
|
2.37 |
|
|
2.49 |
|
| Infrastructure |
|
0.21 |
|
|
1.15 |
|
| Other |
|
0.36 |
|
|
0.26 |
|
| Total |
|
1.38 |
|
|
1.57 |
|
| Nonearning financing receivables as a percentage of total financing receivables |
|
|
|
|
|
|
| Commercial Finance |
|
1.0 |
% |
|
1.0 |
% |
| GE Money |
|
2.1 |
|
|
2.1 |
|
| Infrastructure |
|
— |
|
|
0.1 |
|
| Other |
|
1.1 |
|
|
0.7 |
|
| Total |
|
1.5 |
|
|
1.4 |
|
