PACCAR 2011 Annual Report Download - page 60

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 Allowance for Credit Losses: The allowance for credit losses is summarized as follows:
2011
WHOLESALE RETAIL TOTAL
Balance at January 1 $ 7.5 $ 137.5 $ 145.0
Provision for losses 5.8 35.6 41.4
Charge-offs (1.4) (57.5) (58.9)
Recoveries 13.9 13.9
Currency translation (.2) (2.2) (2.4)
Balance at December 31 $ 11.7 $ 127.3 $ 139.0
2010 2009
WHOLESALE RETAIL TOTAL TOTAL
Balance at January 1 $ 10.5 $ 157.1 $ 167.6 $ 178.3
Provision for losses .2 60.8 61.0 90.8
Charge-offs (2.9) (94.9) (97.8) (115.2)
Recoveries .3 14.2 14.5 7.0
Currency translation (.6) .3 (.3) 6.7
Balance at December 31 $ 7.5 $ 137.5 $ 145.0 $ 167.6
Information regarding finance receivables evaluated individually and collectively is as follows:
At December 31, 2011 WHOLESALE RETAIL TOTAL
Recorded investment for impaired finance receivables evaluated individually $ 18.4 $ 96.0 $ 114.4
Allowance for finance receivables evaluated individually 2.2 25.7 27.9
Recorded investment for finance receivables evaluated collectively $ 1,498.7 $ 5,674.6 $ 7,173.3
Allowance for finance receivables evaluated collectively 9.5 101.6 111.1
At December 31, 2010 WHOLESALE RETAIL TOTAL
Recorded investment for impaired finance receivables evaluated individually $ 3.4 $ 150.0 $ 153.4
Allowance for finance receivables evaluated individually 1.3 33.6 34.9
Recorded investment for finance receivables evaluated collectively $ 980.0 $ 4,973.2 $ 5,953.2
Allowance for finance receivables evaluated collectively 6.2 103.9 110.1
The recorded investment of finance receivables that are on non-accrual status in the wholesale segment and the
fleet and owner/operator portfolio classes (see impaired loans below) as of December 31, 2011 are $18.4, $63.9 and
$17.6, as compared to $3.4, $72.2 and $33.9 as of December 31, 2010, respectively.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2011, 2010 and 2009 (currencies in millions)