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76 ge 2008 annual report
notes to consolidated financial statements
Provision Balance
Balance charged to Currency Gross December 31,
(In millions) January 1, 2007 operations exchange Other (a) write-offs Recoveries 2007
CLL
Equipment and leasing and other $ 427 $ 309 $ 25 $ 207 $ (422) $ 115 $ 661
Commercial and industrial 314 192 10 (36) (230) 26 276
GE MONEY
Non-U.S. residential mortgages 415 (139) 10 (3) (129) 92 246
Non-U.S. installment and revolving credit 1,253 1,669 92 (115) (2,324) 796 1,371
U.S. installment and revolving credit 876 1,960 — (703) (1,505) 357 985
Non-U.S. auto 279 279 23 34 (653) 362 324
Other 158 122 4 6 (198) 70 162
REAL ESTATE 155 24 3 3 (25) 8 168
ENERGY FINANCIAL SERVICES 29 (10) — — — — 19
GECAS 15 16 — — (23) — 8
OTHER 24 9 — — (17) 2 18
TOTAL $3,945 $4,431 $ 167 $(607) $(5,526) $1,828 $4,238
(a) Other primarily included the effects of acquisitions and securitization activity.
Provision Balance
Balance charged to Currency Gross December 31,
(In millions) January 1, 2006 operations exchange Other (a) write-offs Recoveries 2006
CLL
Equipment and leasing and other $ 590 $ 67 $ 9 $ (8) $ (369) $ 138 $ 427
Commercial and industrial 338 57 10 13 (155) 51 314
GE MONEY
Non-U.S. residential mortgages 397 69 34 (8) (177) 100 415
Non-U.S. installment and revolving credit 1,060 1,382 60 36 (2,010) 725 1,253
U.S. installment and revolving credit 701 1,175 — (217) (1,045) 262 876
Non-U.S. auto 238 284 24 12 (591) 312 279
Other 165 80 18 8 (184) 71 158
REAL ESTATE 189 (5) 1 4 (39) 5 155
ENERGY FINANCIAL SERVICES 41 (12) — — — — 29
GECAS 179 (52) — — (112) — 15
OTHER 22 17 — 12 (29) 2 24
TOTAL $3,920 $3,062 $ 156 $(148) $(4,711) $1,666 $3,945
(a) Other primarily included the effects of acquisitions and securitization activity.
See Note 12 for amounts related to consolidated, liquidating securitization entities.