Rendering

Component: (Network and Table)
Network
2305301 - Disclosure - Finance Assets (Tables)
(http://www.pb.com/role/FinanceAssetsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Receivables [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Receivables [Abstract]
 
Financing Receivables
Finance receivables at December 31, 2016 and 2015 consisted of the following:
 
December 31, 2016
 
December 31, 2015
 
North America
 
International
 
Total
 
North America
 
International
 
Total
Sales-type lease receivables
 

 
 

 
 

 
 
 
 
 
 
Gross finance receivables
$
1,088,053

 
$
273,262

 
$
1,361,315

 
$
1,157,189

 
$
303,854

 
$
1,461,043

Unguaranteed residual values
90,190

 
13,655

 
103,845

 
100,000

 
15,709

 
115,709

Unearned income
(223,908
)
 
(60,458
)
 
(284,366
)
 
(247,854
)
 
(68,965
)
 
(316,819
)
Allowance for credit losses
(8,247
)
 
(2,647
)
 
(10,894
)
 
(6,606
)
 
(3,542
)
 
(10,148
)
Net investment in sales-type lease receivables
946,088

 
223,812

 
1,169,900

 
1,002,729

 
247,056

 
1,249,785

Loan receivables
 

 
 

 
 

 
 

 
 

 
 

Loan receivables
374,147

 
32,716

 
406,863

 
399,193

 
41,604

 
440,797

Allowance for credit losses
(8,517
)
 
(1,089
)
 
(9,606
)
 
(10,024
)
 
(1,518
)
 
(11,542
)
Net investment in loan receivables
365,630

 
31,627

 
397,257

 
389,169

 
40,086

 
429,255

Net investment in finance receivables
$
1,311,718

 
$
255,439

 
$
1,567,157

 
$
1,391,898

 
$
287,142

 
$
1,679,040

 
 
Schedule of Financing Receivables, Minimum Payments
Maturities of gross sales-type lease finance receivables at December 31, 2016 were as follows:
 
Sales-type Lease Receivables
 
North America
 
International
 
Total
2017
$
545,429

 
$
113,195

 
$
658,624

2018
279,843

 
66,992

 
346,835

2019
164,616

 
45,895

 
210,511

2020
74,556

 
28,609

 
103,165

2021
19,211

 
15,719

 
34,930

Thereafter
4,398

 
2,852

 
7,250

Total
$
1,088,053

 
$
273,262

 
$
1,361,315

 
 
Allowance For Credit Losses On Financing Receivables
Activity in the allowance for credit losses for the years ended December 31, 2016, 2015 and 2014 was as follows:
 
Sales-type Lease Receivables
 
Loan Receivables
 
 
 
North
America
 
International
 
North
America
 
International
 
Total
Balance at December 31, 2013
$
14,165

 
$
9,703

 
$
11,165

 
$
1,916

 
$
36,949

Amounts charged to expense
4,346

 
866

 
10,237

 
1,626

 
17,075

Accounts written off
(8,386
)
 
(5,546
)
 
(10,334
)
 
(1,754
)
 
(26,020
)
Balance at December 31, 2014
10,125

 
5,023

 
11,068

 
1,788

 
28,004

Amounts charged to expense
1,189

 
890

 
8,286

 
1,023

 
11,388

Accounts written off
(4,708
)
 
(2,371
)
 
(9,330
)
 
(1,293
)
 
(17,702
)
Balance at December 31, 2015
6,606

 
3,542

 
10,024

 
1,518

 
21,690

Amounts charged to expense
5,136

 
1,161

 
6,238

 
836

 
13,371

Accounts written off
(3,495
)
 
(2,056
)
 
(7,745
)
 
(1,265
)
 
(14,561
)
Balance at December 31, 2016
$
8,247

 
$
2,647

 
$
8,517

 
$
1,089

 
$
20,500

 
 
Past Due Financing Receivables
The aging of finance receivables at December 31, 2016 and 2015 was as follows:
 
Sales-type Lease Receivables
 
Loan Receivables
 
 
 
North
America
 
International
 
North
America
 
International
 
Total
December 31, 2016
 

 
 

 
 

 
 

 
 

1 - 90 days
$
1,025,313

 
$
269,247

 
$
369,773

 
$
32,420

 
$
1,696,753

> 90 days
62,740

 
4,015

 
4,374

 
296

 
71,425

Total
$
1,088,053

 
$
273,262

 
$
374,147

 
$
32,716

 
$
1,768,178

Past due amounts > 90 days
 

 
 

 
 

 
 

 
 

Still accruing interest
$
8,831

 
$
972

 
$

 
$

 
$
9,803

Not accruing interest
53,909

 
3,043

 
4,374

 
296

 
61,622

Total
$
62,740

 
$
4,015

 
$
4,374

 
$
296

 
$
71,425

As of December 31, 2016, we had North American sales-type lease receivables aged greater than 90 days with a full contract value of $63 million. As of February 15, 2017, we have received payments with a contract value of $31 million related to these receivables.
 
Sales-type Lease Receivables
 
Loan Receivables
 
 
 
North
America
 
International
 
North
America
 
International
 
Total
December 31, 2015
 

 
 

 
 

 
 

 
 

1 - 90 days
$
1,138,031

 
$
298,772

 
$
395,573

 
$
41,117

 
$
1,873,493

> 90 days
19,158

 
5,082

 
3,620

 
487

 
28,347

Total
$
1,157,189

 
$
303,854

 
$
399,193

 
$
41,604

 
$
1,901,840

Past due amounts > 90 days
 

 
 

 
 

 
 

 
 

Still accruing interest
$
5,041

 
$
1,617

 
$

 
$

 
$
6,658

Not accruing interest
14,117

 
3,465

 
3,620

 
487

 
21,689

Total
$
19,158

 
$
5,082

 
$
3,620

 
$
487

 
$
28,347

 
 
Financing Receivable Credit Quality Indicators
The table below shows the North America portfolio at December 31, 2016 and 2015 by relative risk class (low, medium, high) based on the relative scores of the accounts within each class. The relative scores are determined based on a number of factors, including the company type, ownership structure, payment history and financial information. A fourth class is shown for accounts that are not scored. Absence of a score is not indicative of the credit quality of the account. The degree of risk, as defined by the third party, refers to the relative risk that an account in the next 12 month period may become delinquent.
Low risk accounts are companies with very good credit scores and are considered to approximate the top 30% of all commercial borrowers.
Medium risk accounts are companies with average to good credit scores and are considered to approximate the middle 40% of all commercial borrowers.
High risk accounts are companies with poor credit scores, are delinquent or are at risk of becoming delinquent and are considered to approximate the bottom 30% of all commercial borrowers.
 
December 31,
 
2016
 
2015
Sales-type lease receivables
 

 
 

Low
$
879,823

 
$
886,198

Medium
135,953

 
192,645

High
22,600

 
37,573

Not Scored
49,677

 
40,773

Total
$
1,088,053

 
$
1,157,189

Loan receivables
 

 
 

Low
$
296,598

 
$
295,725

Medium
53,647

 
85,671

High
7,216

 
10,810

Not Scored
16,686

 
6,987

Total
$
374,147

 
$
399,193