CATERPILLAR INC | 2013 | FY | 3


An analysis of the allowance for credit losses during 2013, 2012 and 2011 was as follows:
(Millions of dollars)
 
December 31, 2013
 
 
Customer
 
Dealer
 
Total
Allowance for Credit Losses:
 
 

 
 

 
 

Balance at beginning of year
 
$
414

 
$
9

 
$
423

Receivables written off
 
(179
)
 

 
(179
)
Recoveries on receivables previously written off
 
56

 

 
56

Provision for credit losses
 
83

 
1

 
84

Other
 
(9
)
 

 
(9
)
Balance at end of year
 
$
365

 
$
10

 
$
375

 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
70

 
$

 
$
70

Collectively evaluated for impairment
 
295

 
10

 
305

Ending Balance
 
$
365

 
$
10

 
$
375

 
 
 
 
 
 
 
Recorded Investment in Finance Receivables:
 
 

 
 

 
 

Individually evaluated for impairment
 
$
628

 
$

 
$
628

Collectively evaluated for impairment
 
19,668

 
3,765

 
23,433

Ending Balance
 
$
20,296

 
$
3,765

 
$
24,061

 
 
 
 
 
 
 
 
(Millions of dollars)
 
December 31, 2012
 
 
Customer
 
Dealer
 
Total
Allowance for Credit Losses:
 
 

 
 

 
 

Balance at beginning of year
 
$
360

 
$
6

 
$
366

Receivables written off
 
(149
)
 

 
(149
)
Recoveries on receivables previously written off
 
47

 

 
47

Provision for credit losses
 
157

 
3

 
160

Other
 
(1
)
 

 
(1
)
Balance at end of year
 
$
414

 
$
9

 
$
423

 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
54

 
$

 
$
54

Collectively evaluated for impairment
 
360

 
9

 
369

Ending Balance
 
$
414

 
$
9

 
$
423

 
 
 
 
 
 
 
Recorded Investment in Finance Receivables:
 
 

 
 

 
 

Individually evaluated for impairment
 
$
593

 
$

 
$
593

Collectively evaluated for impairment
 
18,831

 
3,884

 
22,715

Ending Balance
 
$
19,424

 
$
3,884

 
$
23,308

 
 
 
 
 
 
 







(Millions of dollars)
 
December 31, 2011
 
 
Customer
 
Dealer
 
Total
Allowance for Credit Losses:
 
 

 
 
 
 
Balance at beginning of year
 
$
357

 
$
5

 
$
362

Receivables written off
 
(210
)
 

 
(210
)
Recoveries on receivables previously written off
 
52

 

 
52

Provision for credit losses
 
167

 
1

 
168

Other
 
(6
)
 

 
(6
)
Balance at end of year
 
$
360

 
$
6

 
$
366

 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
34

 
$

 
$
34

Collectively evaluated for impairment
 
326

 
6

 
332

Ending Balance
 
$
360

 
$
6

 
$
366

 
 
 
 
 
 
 
Recorded Investment in Finance Receivables:
 
 
 
 
 
 
Individually evaluated for impairment
 
$
484

 
$

 
$
484

Collectively evaluated for impairment
 
17,109

 
2,387

 
19,496

Ending Balance
 
$
17,593

 
$
2,387

 
$
19,980

 
 
 
 
 
 
 
 

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