us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock

AMERICAN EXPRESS CO

4. Loans

Loans at September 30, 2009 and December 31, 2008 consisted of:


*(Millions)*	2009		2008

U.S. Card Services	$	22,686	$	32,684

International Card Services		8,771		9,499

Global Commercial Services		18		28


Cardmember lending, gross		31,475		42,211

Less: Cardmember lending reserve for losses		3,359		2,570

Cardmember lending, net	$	28,116	$	39,641


Other loans, gross (a)	$	541	$	1,057

Less: Other reserve for losses		30		39

Other loans, net	$	511	$	1,018

(a)

Other loans primarily represent small business installment loans, a store card portfolio whose billed business is not processed on the Company’s network and small business loans associated with the CPS acquisition. Other loans at December 31, 2008, included a loan to an affiliate in discontinued operations.

The following table presents changes in the cardmember lending reserve for losses for the nine months ended September 30:


*(Millions)*	2009			2008

Balance, January 1	$	2,570		$	1,831

Additions:

Cardmember lending provisions (a)		3,665			3,209

Cardmember lending other (b)		41			95

Total provision		3,706			3,304

Deductions:

Cardmember lending net write-offs – principal (c)		(2,360	)		(1,941	)

Cardmember lending net write-offs – interest and fees (c)		(376	)		(437	)

Cardmember lending other (d)		(181	)		(117	)

Balance, September 30	$	3,359		$	2,640

(a)

Represents loss provisions for cardmember lending consisting of principal (resulting from authorized transactions), interest, and fee reserves components.

(b)

Primarily represents adjustments to cardmember lending receivables resulting from unauthorized transactions. For the nine months ended September 30, 2008, this amount also includes waived fees.

(c)

Cardmember lending net write-offs – principal for September 30, 2009 and 2008 include recoveries of $253 million and $236 million, respectively. Recoveries of interest and fees were de minimis.

(d)

For September 30, 2009, this amount primarily includes $169 million of reserves that were removed in connection with securitizations during the period, which is offset in the allocated cost of the associated retained subordinated securities. This amount also includes foreign currency translation adjustments. Prior periods primarily included foreign currency translation adjustments.

The following table presents changes in the other loans reserve for losses for the nine months ended September 30:


*(Millions)*	2009			2008

Balance, January 1	$	39		$	45

Provisions		64			29

Net write-offs and other (a)		(73	)		(30	)


Balance, September 30	$	30		$	44

(a)

Net write-offs and other for September 30, 2009 and 2008 include recoveries of $9 million and $8 million, respectively, and foreign currency translation adjustments of $(22) million and $7 million, respectively.

BB&T CORP

NOTE 4. Loans and Leases

The following table provides a breakdown of BB&T’s loan portfolio as of September 30, 2009 and December 31, 2008:


	September 30, 2009		December 31, 2008
	(Dollars in millions)
Loans and leases, net of unearned income:
Commercial loans and leases	$	49,591	$	50,480
Sales finance		6,493		6,354
Revolving credit		1,929		1,777
Direct retail		14,482		15,454
Residential mortgage loans		15,463		17,091
Specialized lending		7,497		6,089
Other acquired loans		141		—

Total loans and leases held for investment (excluding covered loans)		95,596		97,245
Covered loans		8,305		—

Total loans and leases held for investment		103,901		97,245
Loans held for sale		3,126		1,424

Total loans and leases	$	107,027	$	98,669

Covered loans represent loans acquired from the FDIC subject to one of the loss sharing agreements. Other acquired loans represent consumer loans acquired from the FDIC that are not subject to one of the loss sharing agreements.

BB&T evaluated purchased loans for impairment in accordance with the provisions of FASB Topic 310-30: Loans and Debt Securities Acquired with Deteriorated Credit Quality (“Topic 310-30”). Purchased loans with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered impaired. The following table reflects the carrying value of all purchased impaired and nonimpaired loans as of September 30, 2009:


	Purchased Impaired Loans		Purchased Nonimpaired Loans		Total
	(Dollars in millions)
Residential mortgage loans	$	819	$	899	$	1,718
Commercial real estate loans		2,653		2,780		5,433
Commercial loans		93		1,061		1,154

Total covered loans		3,565		4,740		8,305
Other acquired loans		17		124		141

Total	$	3,582	$	4,864	$	8,446

As of August 14, 2009, the preliminary estimate of the contractually required payments receivable for all purchased impaired loans acquired in the Colonial Bank transaction, including those covered and not covered under loss sharing agreements with the FDIC, were $8.0 billion, the cash flows expected to be collected were $4.4 billion including interest, and the estimated fair value of the loans was $3.6 billion. These amounts were determined based upon the estimated remaining life of the underlying loans, which includes the effects of estimated prepayments. At September 30, 2009, none of these loans were classified as nonperforming assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all purchased impaired loans. There was no allowance for credit losses related to the purchased impaired loans at September 30, 2009. Because of the short time period between the execution of the Purchase and Assumption Agreement and September 30, 2009, certain amounts related to the purchased impaired loans are preliminary estimates. BB&T expects to finalize its analysis of these loans during the fourth quarter of 2009, and, therefore, adjustments to the estimated amounts may occur.

Changes in the carrying amount and accretable yield for purchased impaired and nonimpaired loans were as follows for both the three and nine months ended September 30, 2009:


	Purchased Impaired						Purchased Nonimpaired(1)
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(Dollars in millions)
Balance at beginning of period	$	—		$	—		$	—		$	—
Additions (2)		770			3,626			1,090			4,871
Accretion		(32	)		32			(39	)		39
Payments received, net		—			(76	)		—			(46	)

Balance at end of period	$	738		$	3,582		$	1,051		$	4,864

(1)	Excludes loans held for sale.

(2)	Represents the fair value of the loans at the date of acquisition.

For the purchased nonimpaired loans, excluding loans held for sale, the preliminary estimate as of the acquisition date of the contractually required payments receivable were $8.5 billion, the contractual cash flows not expected to be collected were $2.5 billion, and the estimated fair value of the loans was $4.9 billion. The difference between the carrying value of the purchased nonimpaired loans and the expected cash flows is being accreted to interest income over the remaining life of the loans. BB&T expects to finalize its analysis of these loans during the fourth quarter of 2009, and, therefore, adjustments to the estimated amounts may occur.

An analysis of the allowance for credit losses for the nine months ended September 30, 2009 and 2008 is presented in the following table:


	For the Nine Months Ended September 30,
	2009			2008
	(Dollars in millions)
Beginning balance	$	1,607		$	1,015
Other changes		70			(2	)
Provision for credit losses		2,086			917
Loans and leases charged-off		(1,345	)		(583	)
Recoveries of previous charge-offs		60			46

Net loans and leases charged-off		(1,285	)		(537	)

Ending balance	$	2,478		$	1,393

Allowance for loan and lease losses	$	2,379		$	1,377
Reserve for unfunded lending commitments		99			16

Allowance for credit losses	$	2,478		$	1,393

The following table provides a summary of BB&T’s nonperforming and past due loans at September 30, 2009 and December 31, 2008:


	September 30, 2009		December 31, 2008
	(Dollars in millions)
Nonaccrual loans and leases (1)	$	2,573	$	1,413
Foreclosed real estate		1,326		538
Other foreclosed property		53		79

Total nonperforming assets (excluding covered assets)		3,952		2,030

Covered foreclosed property		151		—

Total nonperforming assets	$	4,103	$	2,030

Loans 90 days or more past due and still accruing (excluding covered loans) (2)(3)	$	323	$	431

(1)	Covered and other acquired loans are considered to be performing due to the application of the accretion method under Topic 310-30. Covered loans that are contractually past due are noted in footnote 3 below.

(2)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase.

(3)	Excludes covered loans totaling $945 million as of September 30, 2009.

At September 30, 2009, BB&T had $148 million in loans that were accruing interest under the terms of troubled debt restructurings. This amount consists of $74 million in residential mortgage loans, $51 million in revolving credit loans, $20 million in commercial loans and $3 million in direct retail loans. Loan restructurings generally occur when a borrower is experiencing, or is expected to experience, financial difficulties in the near-term. Consequently, a modification that would otherwise not be considered is granted to the borrower. These loans may continue to accrue interest as long as the borrower complies with the revised terms and conditions and has demonstrated repayment performance with the modified terms.

BERKSHIRE HATHAWAY INC

Note 11. Receivables

Receivables of insurance and other businesses are comprised of the following (in millions).

	September 30, 2009			December 31, 2008
Insurance premiums receivable	$	5,933		$	4,961
Reinsurance recoverables		3,177			3,235
Trade and other receivables		7,400			7,141
Allowances for uncollectible accounts		(463	)		(412	)
	$	16,047		$	14,925

Loans and finance receivables of finance and financial products businesses are comprised of the following (in millions).

	September 30, 2009			December 31, 2008
Consumer installment loans and finance receivables	$	12,847		$	13,190
Commercial loans and finance receivables		997			1,050
Allowances for uncollectible loans		(330	)		(298	)
	$	13,514		$	13,942

BURLINGTON NORTHERN SANTA FE CORP

3. Accounts Receivable, Net

BNSF Railway sells a portion of its accounts receivable to Santa Fe Receivables Corporation (SFRC), a special purpose subsidiary. The sole purpose and activity of SFRC is to purchase receivables from BNSF Railway. SFRC transfers an undivided interest in such receivables, with limited exceptions, to a master trust and causes the trust to issue an undivided interest in the receivables to investors (the A/R sales program). The undivided interests in the master trust may be in the form of certificates or purchased interests and are isolated from BNSF Railway which eliminates all of BNSF Railway’s control over the undivided interest. SFRC periodically incurs minor legal fees that are paid by BNSF Railway and are financed through short-term intercompany payables.

BNSF Railway’s total capacity to sell undivided interests to investors under the A/R sales program was $700 million at September 30, 2009, which was comprised of two $175 million, 364-day accounts receivable facilities and two $175 million, 3-year accounts receivable facilities. Both 364-day facilities will mature in November 2009 and are expected to be renewed. The two 3-year facilities will mature in November 2010. Each of the financial institutions providing credit for the facilities is rated Aa3/A+ or higher. There was no outstanding interest held by investors under the A/R sales program at September 30, 2009. Outstanding undivided interests held by investors under the A/R sales program were $50 million at December 31, 2008, with $12.5 million outstanding under each of the four facilities. These undivided interests in receivables are excluded from accounts receivable by BNSF Railway in connection with the sale of undivided interests under the A/R sales program. As of September 30, 2009 and December 31, 2008, an interest in $864 million and $878 million, respectively, of receivables had been transferred by SFRC to the master trust. When SFRC transfers the interest in these receivables to the master trust, it retains an undivided interest in the receivables, which is included in accounts receivable in the Company’s Consolidated Financial Statements. The interest that continues to be held by SFRC of $864 million and $828 million at September 30, 2009 and December 31, 2008, respectively, less an allowance for uncollectible accounts, reflected the total accounts receivable transferred by SFRC to the master trust less $50 million of outstanding undivided interests held by investors at December 31, 2008. Due to a relatively short collection cycle, the fair value of the undivided interest transferred to investors in the A/R sales program approximated book value, and there was no gain or loss from the transaction.

BNSF Railway retains the collection responsibility with respect to the accounts receivable. Proceeds from collections reinvested in the A/R sales program were approximately $11.2 billion and $14.5 billion for the nine months ended September 30, 2009 and 2008, respectively. No servicing asset or liability has been recorded because the fees BNSF Railway receives for servicing the receivables approximate the related costs. SFRC’s costs of the sale of receivables are included in other expense, net and were $2 million and $9 million for the nine months ended September 30, 2009 and 2008, respectively. These costs fluctuate monthly with changes in prevailing interest rates as well as unused available commitments and include interest, discounts associated with transferring the receivables under the A/R sales program to SFRC, program fees paid to banks, incidental commercial paper issuing costs and fees for unused commitment availability.

The amount of accounts receivable sold by BNSF Railway fluctuates based on borrowing needs and upon the availability of receivables and is directly affected by changing business volumes and credit risks, including dilution and delinquencies. In order for there to be an impact on the amount of receivables BNSF Railway could sell, the combined dilution and delinquency percentages would have to exceed an established threshold. BNSF Railway has historically experienced very low levels of dilution or delinquency and was below the established reserve threshold at September 30, 2009. Based on the current levels, if dilution or delinquency percentages were to increase by one percentage point, there would be no impact to the amount of receivables BNSF Railway could sell.

Receivables eligible under the A/R sales program do not include receivables over 90 days past due or concentrations over certain limits with any one customer and certain other receivables. At September 30, 2009 and December 31, 2008, $15 million and $9 million, respectively, of such accounts receivable were greater than 90 days old.

BNSF Railway maintains an allowance for bill adjustments and uncollectible accounts based upon the expected collectibility of accounts receivable, including receivables transferred to the master trust. At September 30, 2009 and December 31, 2008, $31 million and $43 million, respectively, of such allowances had been recorded, of which $31 million and $42 million, respectively, had been recorded as a reduction to accounts receivable, net. The remaining $1 million at December 31, 2008 had been recorded in other current liabilities because it related to the outstanding undivided interests held by investors. During the nine months ended September 30, 2009 and 2008, $6 million and $5 million, respectively, of accounts receivable were written off, net of recoveries. Credit losses are based on specific identification of uncollectible accounts and application of historical collection percentages by aging category.

The investors in the master trust have no recourse to BNSF Railway’s other assets except for customary warranty and indemnity claims. Creditors of BNSF Railway have no recourse to the assets of the master trust or SFRC unless and until all claims of their respective creditors have been paid. The A/R sales program includes thresholds for dilution, delinquency, and write-off ratios that, if exceeded, allow the investors participating in this program, at their option, to cancel the program. At September 30, 2009, BNSF Railway was in compliance with these provisions.

See Note 10 to the Consolidated Financial Statements for information about recent accounting pronouncements that will have an impact on the A/R sales program upon adoption.

CA, INC.

NOTE E — TRADE AND INSTALLMENT ACCOUNTS RECEIVABLE

The Company uses installment license agreements as a standard business practice and has a history of successfully collecting substantially all amounts due under the original payment terms without making concessions on payments, software products, maintenance, or professional services. Net trade and installment accounts receivable represent amounts due from the Company’s customers. These accounts receivable balances are presented net of allowances for doubtful accounts and unamortized discounts. Unamortized discounts reflect imputed interest for the time value of money for license agreements under the Company’s prior business model. These balances do not include unbilled contractual commitments executed under the Company’s current business model. The components of Net trade and installment accounts receivable are as follows:


	September 30,			March 31,
	2009			2009
	(in millions)
Current:
Accounts receivable — billed	$	557		$	658
Accounts receivable — unbilled		67			71
Other receivables		24			34
Unbilled amounts due within the next 12 months — prior business model		102			108
Less: Allowance for doubtful accounts		(27	)		(25	)
Less: Unamortized discounts		(5	)		(7	)

Net trade and installment accounts receivable — current	$	718		$	839


Noncurrent:
Unbilled amounts due beyond the next 12 months — prior business model	$	86		$	132
Less: Unamortized discounts		(2	)		(4	)

Net installment accounts receivable — noncurrent	$	84		$	128

CAMERON INTERNATIONAL CORP

Note 5: Receivables

Receivables consisted of the following (in thousands):

	September 30, 2009			December 31, 2008
Trade receivables	$	840,820		$	897,453
Other receivables		59,746			62,557
Allowance for doubtful accounts		(22,860	)		(9,648	)
Total receivables	$	877,706		$	950,362

CONAGRA FOODS INC /DE/

4. PAYMENT-IN-KIND NOTES RECEIVABLE

In connection with the divestiture of the trading and merchandising operations, we received the Notes described in Note 2 that were recorded at an initial estimated fair value of $479 million.

The Notes were issued in three tranches: $99,990,000 original principal amount of 10.5% notes due June 19, 2010; $200,035,000 original principal amount of 10.75% notes due June 19, 2011; and $249,975,000 original principal amount of 11.0% notes due June 19, 2012.

The Notes permit payment of interest in cash or additional notes. The Notes may be redeemed in whole or in part prior to maturity at the option of the issuer of the Notes. Redemption is at par plus accrued interest. The Notes contain certain covenants that govern the issuer’s ability to make restricted payments and enter into certain affiliate transactions. The Notes also provide for the making of mandatory offers to repurchase upon certain change of control events involving the purchaser, their co-investors, or their affiliates. In the third quarter of fiscal 2009, we received a cash interest payment on the Notes of $30 million from the purchaser. The Note due June 19, 2010, which is classified within prepaid expenses and other current assets, had a carrying value of $104 million at August 30, 2009. The Notes due June 19, 2011 and June 19, 2012, which are classified as other assets, had a total carrying value of $438 million at August 30, 2009.

Based on market interest rates of comparable instruments provided by investment bankers, we estimated the fair market value of the Notes was $548 million at August 30, 2009.

Discover Financial Services

4.	Loan Receivables

Loan receivables consist of the following (dollars in thousands):


	August 31, 2009			November 30, 2008
Credit card loans:
Discover Card⁽¹⁾	$	22,290,549		$	23,348,134
Discover Business Card		431,054			466,173

Total credit card loans		22,721,603			23,814,307
Other consumer loans:
Personal loans		1,279,162			1,028,093
Student loans		1,419,513			299,929
Other		69,531			74,282

Total other consumer loans		2,768,206			1,402,304

Total loan receivables		25,489,809			25,216,611
Allowance for loan losses		(1,832,360	)		(1,374,585	)

Net loan receivables	$	23,657,449		$	23,842,026

(1)	Amount includes $12.5 billion and $14.8 billion of the Company’s seller’s interest in credit card securitizations at August 31, 2009 and November 30, 2008, respectively. See Note 5: Credit Card Securitization Activities for further information.

The following table provides changes in the Company’s allowance for loan losses by loan type for the three and nine months ended August 31, 2009 and August 31, 2008 (dollars in thousands):


	For the Three Months Ended August 31,						For the Nine Months Ended August 31,
	2009			2008			2009			2008
Balance at beginning of period	$	1,986,473		$	846,775		$	1,374,585		$	759,925
Provision for loan losses:
Credit card loans		354,408			348,310			1,877,327			841,553
Other consumer loans		26,591			16,528			85,346			39,886

Total provision for loan losses		380,999			364,838			1,962,673			881,439
Charge-offs:
Credit card loans		(559,672	)		(290,108	)		(1,604,491	)		(803,951	)
Other consumer loans		(21,179	)		(2,287	)		(46,559	)		(3,085	)

Total charge-offs		(580,851	)		(292,395	)		(1,651,050	)		(807,036	)
Recoveries:
Credit card loans		45,486			40,420			145,503			125,032
Other consumer loans		253			131			649			409

Total recoveries		45,739			40,551			146,152			125,441

Net charge-offs		(535,112	)		(251,844	)		(1,504,898	)		(681,595	)

Balance at end of period	$	1,832,360		$	959,769		$	1,832,360		$	959,769

Information regarding net charge-offs of interest and fee revenues on credit card loans is as follows (dollars in thousands):


	For the Three Months Ended August 31,				For the Nine Months Ended August 31,
	2009		2008		2009		2008
Interest accrued subsequently charged off, net of recoveries (recorded as a reduction of interest income)	$	114,828	$	63,544	$	363,769	$	182,670
Loan fees accrued subsequently charged off, net of recoveries (recorded as a reduction to other income)	$	43,730	$	27,441	$	134,578	$	78,426

Information regarding loan receivables that are over 90 days delinquent and accruing interest and loan receivables that are not accruing interest is as follows (dollars in thousands):


	August 31, 2009		November 30, 2008
Loans over 90 days delinquent and accruing interest	$	524,875	$	444,324
Loans not accruing interest	$	218,543	$	173,123

EMC CORP

9. Notes Receivable

In June 2009, we entered into a term loan agreement with Quantum Corporation (“Quantum”), pursuant to which Quantum borrowed a principal amount equal to $75.4 million from us. The agreement requires quarterly interest payments at a rate of 12% per annum. The scheduled maturity date of this loan is September 30, 2014.

In June 2009, we entered into a second term loan agreement with Quantum pursuant to which Quantum borrowed an aggregate principal amount equal to $46.3 million from us. This second loan agreement has terms similar to the first loan agreement with quarterly interest payments at a rate of 12% per annum and provides for two tranches of borrowings. Quantum borrowed an amount equal to $24.6 million under the first tranche, with a scheduled maturity date of September 30, 2014 and an amount equal to $21.7 million under the second tranche, with a scheduled maturity date of December 31, 2011.

As of September 30, 2009, the aggregate outstanding principal amount under all loans was $121.7 million. These loans are junior to Quantum’s current senior debt and senior to all other indebtedness. These notes are included in “other assets, net” in the consolidated balance sheet.

FLEXTRONICS INTERNATIONAL LTD.

8. TRADE RECEIVABLES SECURITIZATION

The Company continuously sells designated pools of trade receivables under two asset backed securitization programs.

Global Asset-Backed Securitization Agreement

The Company continuously sells a designated pool of trade receivables to a third-party qualified special purpose entity, which in turn sells an undivided ownership interest to two commercial paper conduits, administered by an unaffiliated financial institution. In addition to these commercial paper conduits, the Company participates in the securitization agreement as an investor in the conduit. The securitization agreement allows the operating subsidiaries participating in the securitization program to receive a cash payment for sold receivables, less a deferred purchase price receivable. The Company continues to service, administer and collect the receivables on behalf of the special purpose entity and receives a servicing fee of 1.00% of serviced receivables per annum. Servicing fees recognized during the three-month and six-month periods ended October 2, 2009 and September 26, 2008 were not material and are included in Interest and other expense, net within the Condensed Consolidated Statements of Operations. As the Company estimates that the fee it receives in return for its obligation to service these receivables is at fair value, no servicing assets or liabilities are recognized.

During October 2009, the agreement was amended such that the Obligor Specific Tranche (“OST”) in the amount of $100.0 million was removed, and the maximum investment limit of the two commercial paper conduits was increased to $500.0 million exclusive of the OST. Additionally, the Company now pays commitment and program fees totaling 1.5% per annum under the facility to the extent funded through the issuance of commercial paper.

The third-party special purpose entity is a qualifying special purpose entity, and accordingly, the Company does not consolidate this entity. As of October 2, 2009 and March 31, 2009, approximately $462.1 million and $422.0 million of the Company’s accounts receivable, respectively, had been sold to this third-party qualified special purpose entity. The amounts represent the face amount of the total outstanding trade receivables on all designated customer accounts on those dates. The accounts receivable balances that were sold under this agreement were removed from the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities in the Condensed Consolidated Statements of Cash Flows. The Company received net cash proceeds of approximately $299.4 million and $298.1 million from the commercial paper conduits for the sale of these receivables as of October 2, 2009 and March 31, 2009, respectively. The difference between the amount sold to the commercial paper conduits (net of the Company’s investment participation) and net cash proceeds received from the commercial paper conduits is recognized as a loss on sale of the receivables and recorded in Interest and other expense, net in the Condensed Consolidated Statements of Operations. The Company has a recourse obligation that is limited to the deferred purchase price receivable. The deferred purchase price receivable, which approximates 5% of the total sold receivables, and the Company’s own investment participation, the aggregate total of which was approximately $162.7 million and $123.8 million as of October 2, 2009 and March 31, 2009, respectively, is recorded in Other current assets in the Condensed Consolidated Balance Sheets as of October 2, 2009 and March 31, 2009. The amount of the Company’s own investment participation varies depending on certain criteria, mainly the collection performance on the sold receivables. As the recoverability of the trade receivables underlying the Company’s own investment participation is determined in conjunction with the Company’s accounting policies for determining provisions for doubtful accounts prior to sale into the third party qualified special purpose entity, the fair value of the Company’s own investment participation reflects the estimated recoverability of the underlying trade receivables.

North American Asset-Backed Securitization Agreement

The Company continuously sells a designated pool of trade receivables to an affiliated special purpose vehicle, which in turn sells an undivided ownership interest to an agent on behalf of two commercial paper conduits administered by unaffiliated financial institutions. The Company continues to service, administer and collect the receivables on behalf of the special purpose entity and receives a servicing fee of 0.50% per annum on the outstanding balance of the serviced receivables. Servicing fees recognized during the three-month and six month periods ended October 2, 2009 were not material and are included in Interest and other expense, net within the Condensed Consolidated Statements of Operations. As the Company estimates that the fee it receives in return for its obligation to service these receivables is at fair value, no servicing assets or liabilities are recognized.

The maximum investment limit of the two commercial paper conduits is $300.0 million. During September 2009, the agreement was amended such that the Company pays commitment fees of 0.80% per annum on the aggregate amount of the liquidity commitments of the financial institutions under the facility (which approximates the maximum investment limit) and program fees of 0.70% on the aggregate amounts invested under the facility by the conduits to the extent funded through the issuance of commercial paper.

The affiliated special purpose vehicle is not a qualifying special purpose entity, since the Company, by design of the transaction, absorbs the majority of expected losses from transfers of trade receivables into the special purpose vehicle and, as such, is deemed the primary beneficiary of this entity. Accordingly, the Company consolidates the special purpose vehicle. As of October 2, 2009 and March 31, 2009, the Company transferred approximately $426.4 million and $448.7 million, respectively, of receivables into the special purpose vehicle described above. The Company sold approximately $180.2 million of the $426.4 million of receivables as of October 2, 2009, and $173.8 million of the $448.7 million of receivables as of March 31, 2009 to the two commercial paper conduits and received approximately $179.5 million and $173.1 million as of October 2, 2009 and March 31, 2009, respectively, in net cash proceeds for the sales. The accounts receivable balances that were sold to the two commercial paper conduits under this agreement were removed from the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities in the Condensed Consolidated Statements of Cash Flows, and the difference between the amount sold and net cash proceeds received was recognized as a loss on sale of the receivables, and is recorded in Interest and other expense, net in the Condensed Consolidated Statements of Operations. The remaining trade receivables transferred into the special purpose vehicle and not sold to the two commercial paper conduits comprise the primary assets of that entity, and are included in trade accounts receivable, net in the Condensed Consolidated Balance Sheets of the Company. The recoverability of these trade receivables, both those included in the Condensed Consolidated Balance Sheets and those sold but uncollected by the commercial paper conduits, is determined in conjunction with the Company’s accounting policies for determining provisions for doubtful accounts. Although the special purpose vehicle is fully consolidated by the Company, it is a separate corporate entity and its assets are available first to satisfy the claims of its creditors.

The Company also sold accounts receivables to certain third-party banking institutions with limited recourse, which management believes is nominal. The outstanding balance of receivables sold and not yet collected was approximately $90.7 million and $171.6 million as of October 2, 2009 and March 31, 2009, respectively. These receivables were removed from the Condensed Consolidated Balance Sheets and are reflected as cash provided by operating activities in the Condensed Consolidated Statements of Cash Flows.

FORD MOTOR CO

NOTE 2. FINANCE RECEIVABLES – FINANCIAL SERVICES SECTOR

Net finance receivables were as follows (in millions):

	September 30, 2009			December 31, 2008
Retail (including direct financing leases)	$	60,269		$	67,316
Wholesale		18,489			27,483
Other finance receivables		3,708			4,057
Total finance receivables		82,466			98,856
Unearned interest supplements		(1,830	)		(1,343	)
Allowance for credit losses		(1,486	)		(1,417	)
Other		23			5
Net finance receivables – sector balance sheet	$	79,173		$	96,101

Net finance receivables subject to fair value	$	74,022		$	91,584
Fair value	$	74,669		$	84,615

Net finance receivables – sector balance sheet	$	79,173		$	96,101
Reclassification of receivables purchased from Automotive sector and Other Financial Services to Other receivables, net		(3,560	)		(2,617	)
Net finance receivables – consolidated balance sheet	$	75,613		$	93,484

The fair value of finance receivables is generally calculated by discounting future cash flows using an estimated discount rate that reflects the current credit, interest rate, and prepayment risks associated with similar types of instruments.

General Electric Company

5. GECS Financing Receivables and Allowance for Losses on Financing Receivables
GECS financing receivables – net, consisted of the following.

	At
	September 30,		December 31,
(In millions)	2009		2008

Loans, net of deferred income	$	298,432	$	310,203
Investment in financing leases, net of deferred income		57,446		67,578
		355,878		377,781
Less allowance for losses		(7,360)		(5,325)
Financing receivables – net(a)	$	348,518	$	372,456

(a) Included $4,406 million and $6,461 million related to consolidated, liquidating securitization entities at September 30, 2009 and December 31, 2008, respectively. In addition, financing receivables at September 30, 2009 and December 31, 2008 included $2,880 million and $2,736 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination per FASB ASC 310, Receivables.

Effective January 1, 2009, loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for loan losses is not carried over at acquisition. This may result in lower reserve coverage ratios prospectively. Details of financing receivables – net follow.

	At
	September 30,		December 31,
(In millions)	2009		2008

Commercial Lending and Leasing (CLL)(a)
Americas	$	92,263	$	105,410
Europe		40,383		37,767
Asia		14,096		16,683
Other		776		786
		147,518		160,646
Consumer(a)
Non-U.S. residential mortgages		61,308		60,753
Non-U.S. installment and revolving credit		25,197		24,441
U.S. installment and revolving credit		22,324		27,645
Non-U.S. auto		14,366		18,168
Other		13,191		11,541
		136,386		142,548

Real Estate		45,471		46,735

Energy Financial Services		8,362		8,392

GE Capital Aviation Services (GECAS)(b)		15,046		15,429

Other(c)		3,095		4,031
		355,878		377,781
Less allowance for losses		(7,360)		(5,325)
Total	$	348,518	$	372,456

(a)        During the first quarter of 2009, we transferred Artesia from CLL to Consumer. Prior-period amounts were reclassified to conform to the current-period’s presentation.
(b)        Included loans and financing leases of $12,927 million and $13,078 million at September 30, 2009 and December 31, 2008, respectively, related to commercial aircraft at Aviation Financial Services.
(c)        Consisted of loans and financing leases related to certain consolidated, liquidating securitization entities.

Individually impaired loans are defined by GAAP as larger balance or restructured loans for which it is probable that the lender will be unable to collect all amounts due according to original contractual terms of the loan agreement. An analysis of impaired loans and specific reserves follows. The vast majority of our consumer and a portion of our CLL nonearning receivables are excluded from this definition, as they represent smaller balance homogeneous loans that we evaluate collectively by portfolio for impairment.

	At
	September 30,		December 31,
(In millions)	2009		2008

Loans requiring allowance for losses	$	8,842	$	2,712
Loans expected to be fully recoverable		3,218		871
Total impaired loans	$	12,060	$	3,583

Allowance for losses (specific reserves)	$	1,874	$	635
Average investment during the period		7,463		2,064
Interest income earned while impaired(a)		133		48

(a) Recognized principally on cash basis.

Impaired loans increased by $8.5 billion from December 31, 2008 to September 30, 2009 primarily relating to increases at Real Estate ($5.4 billion) and CLL ($2.2 billion). Impaired loans increased by $4.0 billion from June 30, 2009 to September 30, 2009, primarily relating to increases at Real Estate ($2.9 billion) and CLL ($0.7 billion). The increase in impaired loans and related specific reserves in Real Estate reflects our current estimate of collateral values of the underlying properties, and our estimate of loans which are not past due, but for which it is probable that we will be unable to collect the full principal balance at maturity due to a decline in the underlying value of the collateral. Of our $6.2 billion impaired loans at Real Estate at September 30, 2009, approximately $4 billion are currently paying in accordance with the contractual terms of the loan. Impaired loans at CLL primarily represent senior secured lending positions.

GECS Allowance for Losses on Financing Receivables

	Balance		Provision								Balance
	January 1,		charged to				Gross				September 30,
(In millions)	2009		operations		Other(a)		write-offs		Recoveries		2009

CLL(b)
Americas	$	843	$	969	$	(34)	$	(746)	$	66	$	1,098
Europe		288		412		8		(225)		17		500
Asia		163		188		8		(136)		19		242
Other		2		4		2		(2)		–		6

Consumer(b)
Non-U.S. residential
mortgages		383		805		81		(424)		130		975
Non-U.S. installment
and revolving credit		1,051		1,347		41		(1,702)		376		1,113
U.S. installment and
revolving credit		1,700		2,631		(761)		(2,134)		132		1,568
Non-U.S. auto		222		351		31		(441)		138		301
Other		226		284		25		(329)		73		279

Real Estate		301		903		13		(190)		1		1,028

Energy Financial
Services		58		42		1		–		–		101

GECAS		60		69		0		(3)		–		126

Other		28		16		0		(22)		1		23
Total	$	5,325	$	8,021	$	(585)	$	(6,354)	$	953	$	7,360

(a) Other primarily included the effects of securitization activity and currency exchange.
(b) During the first quarter of 2009, we transferred Artesia from CLL to Consumer. Prior-period amounts were reclassified to conform to the current-period’s presentation.

	Balance		Provision									Balance
	January 1,		charged to					Gross				September 30,
(In millions)	2008		operations		Other		(a)	write-offs		Recoveries		2008

CLL(b)
Americas	$	471	$	394	$	157		$	(371)	$	52	$	703
Europe		232		145		(59)			(141)		23		200
Asia		226		78		(7)			(188)		5		114
Other		3		2		(1)			0		1		5

Consumer(b)
Non-U.S. residential
mortgages		246		147		(15)			(135)		52		295
Non-U.S. installment
and revolving credit		1,371		1,259		(57)			(1,968)		722		1,327
U.S. installment and
revolving credit		985		1,908		(416)			(1,477)		215		1,215
Non-U.S. auto		324		260		(59)			(479)		225		271
Other		167		136		25			(182)		54		200

Real Estate		168		47		4			(10)		1		210

Energy Financial
Services		19		12		3			0		0		34

GECAS		8		47		0			(1)		0		54

Other		18		18		(1)			(15)		0		20
Total	$	4,238	$	4,453	$	(426)		$	(4,967)	$	1,350	$	4,648

(a) Other primarily included the effects of securitization activity, currency exchange, dispositions and acquisitions.
(b) During the first quarter of 2009, we transferred Artesia from CLL to Consumer. Prior-period amounts were reclassified to conform to the current-period’s presentation.

General Electric Company

5. GECS Financing Receivables and Allowance for Losses on Financing Receivables
GECS financing receivables – net, consisted of the following.

	At
	September 30,		December 31,
(In millions)	2009		2008

Loans, net of deferred income	$	298,432	$	310,203
Investment in financing leases, net of deferred income		57,446		67,578
		355,878		377,781
Less allowance for losses		(7,360)		(5,325)
Financing receivables – net(a)	$	348,518	$	372,456

	At
	September 30,		December 31,
(In millions)	2009		2008

Commercial Lending and Leasing (CLL)(a)
Americas	$	92,263	$	105,410
Europe		40,383		37,767
Asia		14,096		16,683
Other		776		786
		147,518		160,646
Consumer(a)
Non-U.S. residential mortgages		61,308		60,753
Non-U.S. installment and revolving credit		25,197		24,441
U.S. installment and revolving credit		22,324		27,645
Non-U.S. auto		14,366		18,168
Other		13,191		11,541
		136,386		142,548

Real Estate		45,471		46,735

Energy Financial Services		8,362		8,392

GE Capital Aviation Services (GECAS)(b)		15,046		15,429

Other(c)		3,095		4,031
		355,878		377,781
Less allowance for losses		(7,360)		(5,325)
Total	$	348,518	$	372,456

	At
	September 30,		December 31,
(In millions)	2009		2008

Loans requiring allowance for losses	$	8,842	$	2,712
Loans expected to be fully recoverable		3,218		871
Total impaired loans	$	12,060	$	3,583

Allowance for losses (specific reserves)	$	1,874	$	635
Average investment during the period		7,463		2,064
Interest income earned while impaired(a)		133		48

GECS Allowance for Losses on Financing Receivables

	Balance		Provision								Balance
	January 1,		charged to				Gross				September 30,
(In millions)	2009		operations		Other(a)		write-offs		Recoveries		2009

CLL(b)
Americas	$	843	$	969	$	(34)	$	(746)	$	66	$	1,098
Europe		288		412		8		(225)		17		500
Asia		163		188		8		(136)		19		242
Other		2		4		2		(2)		–		6

Consumer(b)
Non-U.S. residential
mortgages		383		805		81		(424)		130		975
Non-U.S. installment
and revolving credit		1,051		1,347		41		(1,702)		376		1,113
U.S. installment and
revolving credit		1,700		2,631		(761)		(2,134)		132		1,568
Non-U.S. auto		222		351		31		(441)		138		301
Other		226		284		25		(329)		73		279

Real Estate		301		903		13		(190)		1		1,028

Energy Financial
Services		58		42		1		–		–		101

GECAS		60		69		0		(3)		–		126

Other		28		16		0		(22)		1		23
Total	$	5,325	$	8,021	$	(585)	$	(6,354)	$	953	$	7,360

	Balance		Provision									Balance
	January 1,		charged to					Gross				September 30,
(In millions)	2008		operations		Other		(a)	write-offs		Recoveries		2008

CLL(b)
Americas	$	471	$	394	$	157		$	(371)	$	52	$	703
Europe		232		145		(59)			(141)		23		200
Asia		226		78		(7)			(188)		5		114
Other		3		2		(1)			0		1		5

Consumer(b)
Non-U.S. residential
mortgages		246		147		(15)			(135)		52		295
Non-U.S. installment
and revolving credit		1,371		1,259		(57)			(1,968)		722		1,327
U.S. installment and
revolving credit		985		1,908		(416)			(1,477)		215		1,215
Non-U.S. auto		324		260		(59)			(479)		225		271
Other		167		136		25			(182)		54		200

Real Estate		168		47		4			(10)		1		210

Energy Financial
Services		19		12		3			0		0		34

GECAS		8		47		0			(1)		0		54

Other		18		18		(1)			(15)		0		20
Total	$	4,238	$	4,453	$	(426)		$	(4,967)	$	1,350	$	4,648

HARRIS CORP /DE/

Note E — Receivables

Receivables are summarized below:


	October 2,				July 3,
	2009				2009
	(In millions)
Accounts receivable		$	602.9			$	630.4
Unbilled costs on cost-plus contracts			146.9				149.1
Notes receivable due within one year, net			4.4				4.5

			754.2				784.0
Less allowances for collection losses			(11.5	)			(13.2	)

		$	742.7			$	770.8

HCP, INC.

(6) Loans Receivable

The following table summarizes the Company’s loans receivable (in thousands):

	September 30, 2009									December 31, 2008
	Real Estate Secured			Other			Total			Real Estate Secured		Other			Total
Mezzanine	$	—		$	999,118		$	999,118		$	—	$	999,891		$	999,891
Joint venture partners	—			778			778			—		7,055			7,055
Other	785,636			83,700			869,336			71,224		81,725			152,949
Unamortized discounts, fees and costs	(123,920		)	(70,983		)	(194,903		)	—		(83,262		)	(83,262		)
Loan loss allowance	—			—			—			—		(241		)	(241		)
	$	661,716		$	1,012,613		$	1,674,329		$	71,224	$	1,005,168		$	1,076,392

On October 5, 2006, through its merger with CRP, the Company acquired an interest-only, senior secured term loan made to an affiliate of the Cirrus Group, LLC (“Cirrus”). The loan had a maturity date of December 31, 2008, with a one-year extension period at the option of the borrower, subject to certain conditions, under which amounts were borrowed to finance the acquisition, development, syndication and operation of new and existing surgical partnerships. The loan accrues interest at a rate of 14.0%, of which 9.5% is payable monthly and the balance of 4.5% is deferred until maturity. The loan is collateralized by all of the assets of the borrower (comprised primarily of interests in partnerships operating surgical facilities, some of which are on the premises of properties owned by HCP Ventures IV or the Company) and is supported in part by limited guarantees made by certain principals of Cirrus. Recourse under certain of these guarantees is limited to the guarantors’ respective interests in certain entities owning real estate that are pledged to secure such guarantees. At December 31, 2008, the borrower did not meet the conditions necessary to exercise its extension option and did not repay the loan upon maturity. On April 22, 2009, new terms for extending the maturity date of the loan were agreed to, including the payment of a $1.1 million extension fee, and the maturity was extended to December 31, 2010. At September 30, 2009 and December 31, 2008, the carrying value of this loan, including accrued interest of $3 million and $0.6 million, respectively, was $85 million and $80 million, respectively. In July 2009, the Company issued a notice of default for the borrower’s failure to make interest payments. Through September 30, 2009 the borrower has failed to make four of its contractual payments. However, at September 30, 2009, the Company continues to maintain this loan on accrual status as the Company believes it is reasonably assured it will collect all amounts outstanding under the loan, including accrued but unpaid interest, based on the estimated fair value of underlying collateral and guarantees supporting the loan. During the three and nine months ended September 30, 2009, the Company recognized interest income from this loan of $3.2 million and $9.1 million, respectively, and received cash payments from this borrower of $0.6 million and $3.0 million, respectively.

On December 21, 2007, the Company made an investment in mezzanine loans having an aggregate face value of $1.0 billion, for approximately $900 million, as part of the financing for The Carlyle Group’s $6.3 billion purchase of HCR ManorCare. These interest-only loans mature in January 2013 and bear interest on their face values at a floating rate of one-month London Interbank Offered Rate (“LIBOR”) plus 4.0%. These loans are mandatorily pre-payable in January 2012 unless the borrower satisfies certain performance conditions. At closing, the loans were secured by an indirect pledge of equity ownership in 339 HCR ManorCare facilities located in 30 states and were subordinate to other debt of approximately $3.6 billion. At September 30, 2009, the carrying value of these loans was $930 million.

On August 3, 2009, the Company purchased a $720 million participation in first mortgage debt of HCR ManorCare, at a discount of $130 million, for approximately $590 million. The $720 million participation bears interest at LIBOR plus 1.25% and represents 45% of the $1.6 billion most senior tranche of HCR ManorCare’s mortgage debt incurred as part of the above mentioned financing for The Carlyle Group’s acquisition of Manor Care, Inc. in December 2007. The mortgage debt matures in January 2012, with a one-year extension available at the borrower’s option subject to certain performance conditions, and was secured by a first lien on 331 facilities located in 30 states at closing. At September 30, 2009, the carrying value of the participation in this loan was $595 million.

HONEYWELL INTERNATIONAL INC.

NOTE 7. Accounts, Notes and Other Receivables

	September 30, 2009	December 31, 2008

Trade	$6,243	$5,893
Other	455	422
	6,698	6,315
Less - Allowance for doubtful accounts	(234)	(186)
	$6,464	$6,129

International Business Machines Corporation

5. Financing Receivables: The following table presents financing receivables, net of allowances for doubtful accounts, including residual values.

	At September 30,		At December 31,
(Dollars in millions)	2009		2008
Current:
Net investment in sales-type and direct financing leases	$	4,181	$	4,226
Commercial financing receivables	3,800		5,781
Client loan receivables	4,411		4,861
Installment payment receivables	552		608
Total	$	12,944	$	15,477
Noncurrent:
Net investment in sales-type and direct financing leases	$	5,397	$	5,938
Commercial financing receivables	60		94
Client loan receivables	4,367		4,718
Installment payment receivables	405		433
Total	$	10,229	$	11,183

Net investment in sales-type and direct financing leases is for leases that relate principally to the company’s systems products and are for terms ranging generally from two to six years. Net investment in sales-type and direct financing leases includes unguaranteed residual values of $868 million and $916 million at September 30, 2009 and December 31, 2008, respectively, and is reflected net of unearned income of $962 million and $1,049 million and of allowance for doubtful accounts of $179 million and $217 million at those dates, respectively.

Commercial financing receivables relate primarily to inventory and accounts receivable financing for dealers and remarketers of IBM and non-IBM products. Payment terms for inventory and accounts receivable financing generally range from 30 to 90 days.

Client loan receivables relate to loans that are provided by Global Financing primarily to the company’s clients to finance the purchase of the company’s software and services. Separate contractual relationships on these financing arrangements are for terms ranging generally from two to seven years. Each financing contract is priced independently at competitive market rates. The company has a history of enforcing the terms of these separate financing agreements.

The company utilizes certain of its financing receivables as collateral for non-recourse borrowings. Financing receivables pledged as collateral for borrowings were $260 million and $373 million at September 30, 2009 and December 31, 2008, respectively.

The company did not have any financing receivables held for sale as of September 30, 2009 and December 31, 2008.

Kimco Realty Corporation

8. Mortgages and Other Financing Receivables

During March 2009, the Company committed approximately $6.0 million as its share of a $20.0 million one-year Debtor-in-Possession (“DIP”) facility to an auto parts supplier. The DIP facility bears interest at LIBOR plus 11% with a floor of 15% per annum and is collateralized by all assets of the borrower. As of September 30, 2009, there was no outstanding balance on this facility.

During the nine months ended September 30, 2009, the Company sold a portion of its participation in two mortgage receivables, at par, aggregating approximately $6.8 million to an unaffiliated third party. No gain or loss was recognized in connecti