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Accounts Receivable and Finance Receivables (Tables) | 9 Months Ended
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Sep. 30, 2017
Accounts Receivable and Finance Receivables |
Accounts receivable |
(In millions) |  |  |  |  |  | September 30, 2017 |  | December 31, 2016
Commercial |  |  |  |  | $ | 1,061 | $ | 797
U.S. Government contracts |  |  |  |  |  | 310 |  | 294
|  |  |  |  |  | 1,371 |  | 1,091
Allowance for doubtful accounts |  |  |  |  |  | (27) |  | (27)
Total |  |  |  |  | $ | 1,344 | $ | 1,064
Finance receivables |
(In millions) |  |  |  |  |  | September 30, 2017 |  | December 31, 2016
Finance receivables* |  |  |  |  | $ | 858 | $ | 976
Allowance for losses |  |  |  |  |  | (34) |  | (41)
Total finance receivables, net |  |  |  |  | $ | 824 | $ | 935
* Includes finance receivables held for sale of $30 million at both September 30, 2017 and December 31, 2016.
Finance receivables by credit quality indicator and by delinquency aging category |
(Dollars in millions) |  |  |  |  |  | September 30, 2017 |  | December 31, 2016
Performing |  |  |  |  | $ | 699 | $ | 758
Watchlist |  |  |  |  |  | 59 |  | 101
Nonaccrual |  |  |  |  |  | 70 |  | 87
Nonaccrual as a percentage of finance receivables |  |  |  |  |  | 8.45% |  | 9.20%
Less than 31 days past due |  |  |  |  | $ | 740 | $ | 857
31-60 days past due |  |  |  |  |  | 38 |  | 49
61-90 days past due |  |  |  |  |  | 20 |  | 18
Over 90 days past due |  |  |  |  |  | 30 |  | 22
60 + days contractual delinquency as a percentage of finance receivables |  |  |  |  |  | 6.04% |  | 4.23%
Summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment |
(In millions) |  |  |  |  |  | September 30, 2017 |  | December 31, 2016
Recorded investment: |  |  |  |  |  |  |  |
Impaired loans with related allowance for losses |  |  |  |  | $ | 33 | $ | 55
Impaired loans with no related allowance for losses |  |  |  |  |  | 41 |  | 65
Total |  |  |  |  | $ | 74 | $ | 120
Unpaid principal balance |  |  |  |  | $ | 80 | $ | 125
Allowance for losses on impaired loans |  |  |  |  |  | 7 |  | 11
Average recorded investment |  |  |  |  |  | 92 |  | 101
Allowance for losses on finance receivables on an individual and on a collective basis |
(In millions) |  |  |  |  |  | September 30, 2017 |  | December 31, 2016
Allowance based on collective evaluation |  |  |  |  | $ | 27 | $ | 30
Allowance based on individual evaluation |  |  |  |  |  | 7 |  | 11
Finance receivables evaluated collectively |  |  |  |  |  | 657 |  | 727
Finance receivables evaluated individually |  |  |  |  |  | 74 |  | 120

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