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Loans and finance receivables | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Loans and finance receivables | (7) Loans and finance receivables Loans and finance receivables are summarized as follows (in millions).
| December 31, |
| 2023 |  |  | 2022 |
Loans and finance receivables before allowances and discounts | $ | 26,289 |  |  | $ | 24,664 |
Allowances for credit losses |  | (950 | ) |  |  | (856 | )
Unamortized acquisition discounts and points |  | (658 | ) |  |  | (600 | )
| $ | 24,681 |  |  | $ | 23,208 |
Loans and finance receivables are principally manufactured home loans, and to a lesser extent, commercial loans and site-built home loans. Reconciliations of the allowance for credit losses on loans and finance receivables for each of the three years ending December 31, 2023 follow (in millions).
| 2023 |  |  | 2022 |  |  | 2021 |
Balance at the beginning of the year | $ | 856 |  |  | $ | 765 |  |  | $ | 712 |
Provision for credit losses |  | 169 |  |  |  | 124 |  |  |  | 88 |
Charge-offs, net of recoveries |  | (75 | ) |  |  | (33 | ) |  |  | (35 | )
Balance at December 31 | $ | 950 |  |  | $ | 856 |  |  | $ | 765 |
At December 31, 2023, substantially all manufactured and site-built home loan balances were evaluated collectively for impairment, and we considered approximately 96% of the loan balances to be current as to payment status. A summary of performing and non-performing home loans before discounts and allowances by year of loan origination as of December 31, 2023 follows (in millions).
| Origination Year |  |  |  |
| 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Total |
Performing | $ | 5,716 |  |  | $ | 4,368 |  |  | $ | 3,321 |  |  | $ | 2,575 |  |  | $ | 1,820 |  |  | $ | 7,432 |  |  | $ | 25,232 |
Non-performing |  | 8 |  |  |  | 11 |  |  |  | 17 |  |  |  | 12 |  |  |  | 11 |  |  |  | 53 |  |  |  | 112 |
| $ | 5,724 |  |  | $ | 4,379 |  |  | $ | 3,338 |  |  | $ | 2,587 |  |  | $ | 1,831 |  |  | $ | 7,485 |  |  | $ | 25,344 |
We are also a lender under commercial loan agreements, which had an aggregate carrying value of approximately $850 million at December 31, 2023 and $1.9 billion at December 31, 2022. The decline in loan balances during 2023 was primarily attributable to prepayments and dispositions. These commercial loans are generally secured by real estate properties or by other assets and are individually evaluated for expected credit losses.

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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-42 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481933/310-10-55-12A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 44 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-44 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-20/tableOfContent + Details
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