| (In millions) |
2007 |
2006 |
2005 |
| BALANCE AT JANUARY 1 |
| Commercial Finance |
$ 896 |
$ 1,117 |
$ 1,587 |
| GE Money |
| U.S. |
909 |
735 |
833 |
| Non-U.S. |
2,146 |
1,912 |
2,017 |
| Infrastructure |
44 |
220 |
583 |
| Other |
24 |
22 |
5 |
|
4,019 |
4,006 |
5,025 |
| PROVISION CHARGED TO OPERATIONS |
| Commercial Finance |
525 |
119 |
276 |
| GE Money |
| U.S. |
2,032 |
1,226 |
1,183 |
| Non-U.S. |
1,974 |
1,832 |
1,552 |
| Infrastructure |
6 |
(64) |
210 |
| Other |
9 |
17 |
18 |
|
4,546 |
3,130 |
3,239 |
| SECURITIZATION |
(800) |
(195) |
(277) |
| OTHER |
360 |
200 |
(147) |
| GROSS WRITE-OFFS |
| Commercial Finance |
(677) |
(563) |
(901) |
| GE Money |
| U.S. |
(1,584) |
(1,111) |
(1,264) |
| Non-U.S. |
(3,334) |
(2,990) |
(2,532) |
| Infrastructure |
(23) |
(112) |
(572) |
| Other |
(17) |
(29) |
(39) |
|
(5,635) |
(4,805) |
(5,308) |
| RECOVERIES |
| Commercial Finance |
149 |
194 |
187 |
| GE Money |
| U.S. |
369 |
275 |
258 |
| Non-U.S. |
1,319 |
1,212 |
1,025 |
| Infrastructure |
— |
— |
— |
| Other |
2 |
2 |
4 |
|
1,839 |
1,683 |
1,474 |
| BALANCE AT DECEMBER 31 |
| Commercial Finance |
1,105 |
896 |
1,117 |
| GE Money |
| U.S. |
1,024 |
909 |
735 |
| Non-U.S. |
2,155 |
2,146 |
1,912 |
| Infrastructure |
27 |
44 |
220 |
| Other |
18 |
24 |
22 |
| Total |
$ 4,329 |
$ 4,019 |
$ 4,006 |
See note 12 for amounts related to consolidated, liquidating securitization entities.
Selected Financing Receivables Ratios
| December 31 |
2007 |
2006 |
| ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES AS A PERCENTAGE OF TOTAL FINANCING RECEIVABLES |
| Commercial Finance |
0.59% |
0.58% |
| GE Money |
1.82 |
2.03 |
| U.S. |
3.43 |
3.09 |
| Non-U.S. |
1.49 |
1.77 |
| Infrastructure |
0.12 |
0.21 |
| Other |
0.35 |
0.35 |
| Total |
1.11 |
1.21 |
| NONEARNING FINANCING RECEIVABLES AS A PERCENTAGE OF TOTAL FINANCING RECEIVABLES |
| Commercial Finance |
0.9% |
1.0% |
| GE Money |
2.1 |
2.1 |
| U.S. |
1.8 |
1.7 |
| Non-U.S. |
2.2 |
2.2 |
| Infrastructure |
— |
— |
| Other |
1.4 |
1.2 |
| Total |
1.4 |
1.5 |
