XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Finance Receivables (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Receivables [Abstract] |
Finance Receivables | Finance receivables, net at December 31 for the past five years were as follows (in thousands):
|  | 2016 |  | 2015 |  | 2014 |  | 2013 |  | 2012
Wholesale |  |  |  |  |  |  |  |  |  |
United States |  | $ | 961,150 |  |  | $ | 965,379 |  |  | $ | 903,380 |  |  | $ | 800,491 |  |  | $ | 776,633 |
Canada |  | 65,440 |  |  | 58,481 |  |  | 48,941 |  |  | 44,721 |  |  | 39,771 |
Total wholesale |  | 1,026,590 |  |  | 1,023,860 |  |  | 952,321 |  |  | 845,212 |  |  | 816,404 |
Retail |  |  |  |  |  |  |  |  |  |
United States |  | 5,769,410 |  |  | 5,803,071 |  |  | 5,398,006 |  |  | 5,051,245 |  |  | 4,850,450 |
Canada |  | 212,801 |  |  | 188,400 |  |  | 209,918 |  |  | 213,799 |  |  | 222,665 |
Total retail |  | 5,982,211 |  |  | 5,991,471 |  |  | 5,607,924 |  |  | 5,265,044 |  |  | 5,073,115 |
|  | 7,008,801 |  |  | 7,015,331 |  |  | 6,560,245 |  |  | 6,110,256 |  |  | 5,889,519 |
Allowance for credit losses |  | (173,343 | ) |  | (147,178 | ) |  | (127,364 | ) |  | (110,693 | ) |  | (107,667 | )
Total finance receivables, net |  | $ | 6,835,458 |  |  | $ | 6,868,153 |  |  | $ | 6,432,881 |  |  | $ | 5,999,563 |  |  | $ | 5,781,852 |
Contractual Maturities Of Finance Receivables | On December 31, 2016, contractual maturities of finance receivables were as follows (in thousands):
|  | United States |  | Canada |  | Total
2017 |  | $ | 2,004,454 |  |  | $ | 107,658 |  |  | $ | 2,112,112 |
2018 |  | 1,123,428 |  |  | 44,731 |  |  | 1,168,159 |
2019 |  | 1,256,972 |  |  | 48,806 |  |  | 1,305,778 |
2020 |  | 1,217,711 |  |  | 53,254 |  |  | 1,270,965 |
2021 |  | 1,106,241 |  |  | 23,792 |  |  | 1,130,033 |
Thereafter |  | 21,754 |  |  | — |  |  | 21,754 |
Total |  | $ | 6,730,560 |  |  | $ | 278,241 |  |  | $ | 7,008,801 |
Changes In The Allowance For Finance Credit Losses On Finance Receivables | Changes in the allowance for credit losses on finance receivables by portfolio for the year ended December 31 were as follows (in thousands):
|  | 2016
Retail |  | Wholesale |  | Total
Balance, beginning of period |  | $ | 139,320 |  |  | $ | 7,858 |  |  | $ | 147,178 |
Provision for credit losses |  | 137,893 |  |  | (1,276 | ) |  | 136,617 |
Charge-offs |  | (148,566 | ) |  | — |  |  | (148,566 | )
Recoveries |  | 41,405 |  |  | — |  |  | 41,405 |
Other (a) |  | (3,291 | ) |  | — |  |  | (3,291 | )
Balance, end of period |  | $ | 166,761 |  |  | $ | 6,582 |  |  | $ | 173,343 |
|  | 2015
Retail |  | Wholesale |  | Total
Balance, beginning of period |  | $ | 122,025 |  |  | $ | 5,339 |  |  | $ | 127,364 |
Provision for credit losses |  | 98,826 |  |  | 2,519 |  |  | 101,345 |
Charge-offs |  | (123,911 | ) |  | — |  |  | (123,911 | )
Recoveries |  | 42,380 |  |  | — |  |  | 42,380 |
Balance, end of period |  | $ | 139,320 |  |  | $ | 7,858 |  |  | $ | 147,178 |
|  | 2014
Retail |  | Wholesale |  | Total
Balance, beginning of period |  | $ | 106,063 |  |  | $ | 4,630 |  |  | $ | 110,693 |
Provision for credit losses |  | 80,237 |  |  | 709 |  |  | 80,946 |
Charge-offs |  | (102,831 | ) |  | — |  |  | (102,831 | )
Recoveries |  | 38,556 |  |  | — |  |  | 38,556 |
Balance, end of period |  | $ | 122,025 |  |  | $ | 5,339 |  |  | $ | 127,364 |
(a) | Related to the sale of finance receivables during the second quarter of 2016 with a principal balance of $301.8 million
through an off-balance sheet asset-backed securitization transaction (see Note 11 for additional information). There were no finance receivables individually evaluated for impairment on December 31, 2016 or 2015. The allowance for credit losses and finance receivables by portfolio, collectively evaluated for impairment, at December 31 was as follows (in thousands):
|  | 2016
|  | Retail |  | Wholesale |  | Total
Allowance for credit losses, ending balance: |  |  |  |  |  |
Individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment |  | 166,761 |  |  | 6,582 |  |  | 173,343 |
Total allowance for credit losses |  | $ | 166,761 |  |  | $ | 6,582 |  |  | $ | 173,343 |
Finance receivables, ending balance: |  |  |  |  |  |
Individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment |  | 5,982,211 |  |  | 1,026,590 |  |  | 7,008,801 |
Total finance receivables |  | $ | 5,982,211 |  |  | $ | 1,026,590 |  |  | $ | 7,008,801 |
|  | 2015
|  | Retail |  | Wholesale |  | Total
Allowance for credit losses, ending balance: |  |  |  |  |  |
Individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment |  | 139,320 |  |  | 7,858 |  |  | 147,178 |
Total allowance for credit losses |  | $ | 139,320 |  |  | $ | 7,858 |  |  | $ | 147,178 |
Finance receivables, ending balance: |  |  |  |  |  |
Individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment |  | 5,991,471 |  |  | 1,023,860 |  |  | 7,015,331 |
Total finance receivables |  | $ | 5,991,471 |  |  | $ | 1,023,860 |  |  | $ | 7,015,331 |
Past Due Financing Receivables | An analysis of the aging of past due finance receivables at December 31 was as follows (in thousands):
|  | 2016
|  | Current |  | 31-60 Days Past Due |  | 61-90 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Total Finance Receivables
Retail |  | $ | 5,760,818 |  |  | $ | 131,302 |  |  | $ | 49,642 |  |  | $ | 40,449 |  |  | $ | 221,393 |  |  | $ | 5,982,211 |
Wholesale |  | 1,024,995 |  |  | 1,000 |  |  | 319 |  |  | 276 |  |  | 1,595 |  |  | 1,026,590 |
Total |  | $ | 6,785,813 |  |  | $ | 132,302 |  |  | $ | 49,961 |  |  | $ | 40,725 |  |  | $ | 222,988 |  |  | $ | 7,008,801 |
|  | 2015
|  | Current |  | 31-60 Days Past Due |  | 61-90 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Total Finance Receivables
Retail |  | $ | 5,796,003 |  |  | $ | 118,996 |  |  | $ | 43,680 |  |  | $ | 32,792 |  |  | $ | 195,468 |  |  | $ | 5,991,471 |
Wholesale |  | 1,022,365 |  |  | 888 |  |  | 530 |  |  | 77 |  |  | 1,495 |  |  | 1,023,860 |
Total |  | $ | 6,818,368 |  |  | $ | 119,884 |  |  | $ | 44,210 |  |  | $ | 32,869 |  |  | $ | 196,963 |  |  | $ | 7,015,331 |
The recorded investment of retail and wholesale finance receivables, excluding non-accrual status finance receivables, that were contractually past due 90 days or more at December 31 for the past five years was as follows (in thousands):
|  | 2016 |  | 2015 |  | 2014 |  | 2013 |  | 2012
United States |  | $ | 39,399 |  |  | $ | 31,677 |  |  | $ | 27,800 |  |  | $ | 23,770 |  |  | $ | 26,500 |
Canada |  | 1,326 |  |  | 1,192 |  |  | 1,118 |  |  | 1,031 |  |  | 1,533 |
Total |  | $ | 40,725 |  |  | $ | 32,869 |  |  | $ | 28,918 |  |  | $ | 24,801 |  |  | $ | 28,033 |
Financing Receivable Credit Quality Indicators | The recorded investment of retail finance receivables, by credit quality indicator, at December 31 was as follows (in thousands):
|  | 2016 |  | 2015
Prime |  | $ | 4,768,420 |  |  | $ | 4,777,448 |
Sub-prime |  | 1,213,791 |  |  | 1,214,023 |
Total |  | $ | 5,982,211 |  |  | $ | 5,991,471 |
The recorded investment of wholesale finance receivables, by internal credit quality indicator, at December 31 was as follows (in thousands):
|  | 2016 |  | 2015
Doubtful |  | $ | 1,333 |  |  | $ | 5,169 |
Substandard |  | 1,773 |  |  | 21,774 |
Special Mention |  | 30,152 |  |  | 6,271 |
Medium Risk |  | 14,620 |  |  | 11,494 |
Low Risk |  | 978,712 |  |  | 979,152 |
Total |  | $ | 1,026,590 |  |  | $ | 1,023,860 |

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the annual minimum payments due from financing receivables, such as, but not limited to accounts, notes, loans, and other financing receivables. + References No definition available. + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration