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Diageo PLC's credit losses provision for the six months ended in Jun. 2014 was $0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2014 was $0 Mil.
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Diageo PLC Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2014 was $0 Mil.
Diageo PLC Annual Data
Diageo PLC Semi-Annual Data