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Finance Receivables, Net (Tables)
 6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Schedule of Finance Receivables
Finance receivables, net were as follows:
 June 30,
2023		December 31,
2022
Gross receivables$3,133 $3,593 
Unearned income(323)(374)
Subtotal2,810 3,219 
Residual values— — 
Allowance for doubtful accounts(103)(117)
Finance receivables, net2,707 3,102 
Less: Billed portion of finance receivables, net70 93 
Less: Current portion of finance receivables not billed, net940 1,061 
Finance receivables due after one year, net$1,697 $1,948 
Schedule of Allowance for Credit Losses, Financing Receivables
The allowance for doubtful accounts as well as the related investment in finance receivables were as follows:
United StatesCanada
EMEA(1)
Total
Balance at December 31, 2022
$83 $7 $27 $117 
Provision(15)— 3 (12)
Charge-offs(5)— (2)(7)
Recoveries and other(2)
2 — 1 3 
Balance at March 31, 2023$65 $7 $29 $101 
Provision5 1 3 9 
Charge-offs(4)(1)(4)(9)
Recoveries and other(2)
— 1 1 2 
Balance at June 30, 2023$66 $8 $29 $103 
Balance at December 31, 2021
$77 $11 $30 $118 
Provision3 — 3 6 
Charge-offs(2)(1)(1)(4)
Recoveries and other(2)
— 1 (1)— 
Balance at March 31, 2022$78 $11 $31 $120 
Provision— 1 3 4 
Charge-offs(3)(1)(2)(6)
Recoveries and other(2)
— — (2)(2)
Balance at June 30, 2022$75 $11 $30 $116 
Finance receivables collectively evaluated for impairment (3)
June 30, 2023(3)
$1,444 $244 $1,122 $2,810 
June 30, 2022(3)
$1,861 $230 $972 $3,063 
_____________
(1)Includes developing market countries.
(2)Includes the impacts of foreign currency translation and adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.
(3)Total Finance receivables exclude the allowance for credit losses of $103 and $116 at June 30, 2023 and 2022, respectively.
Schedule of Credit Quality Indicators for Financing Receivables
Details about our finance receivables portfolio based on geography, origination year and credit quality indicators are as follows:
 June 30, 2023
 20232022202120202019PriorTotal
Finance
Receivables
United States (Direct)
Low Credit Risk$76 $64 $76 $58 $32 $9 $315 
Average Credit Risk43 44 63 31 21 4 206 
High Credit Risk19 39 28 29 10 4 129 
Total $138 $147 $167 $118 $63 $17 $650 
Charge-offs$— $— $1 $— $1 $1 $3 
United States (Indirect)
Low Credit Risk$119 $129 $87 $43 $20 $2 $400 
Average Credit Risk97 124 79 34 15 2 351 
High Credit Risk11 14 10 5 2 1 43 
Total$227 $267 $176 $82 $37 $5 $794 
Charge-offs$— $2 $2 $2 $1 $— $7 
Canada
Low Credit Risk$23 $27 $19 $14 $8 $1 $92 
Average Credit Risk34 42 22 17 10 2 127 
High Credit Risk4 6 5 6 3 1 25 
Total$61 $75 $46 $37 $21 $4 $244 
Charge-offs$— $— $— $— $— $— $— 
EMEA(1)
Low Credit Risk$158 $240 $139 $69 $36 $12 $654 
Average Credit Risk98 142 89 50 30 7 416 
High Credit Risk11 17 11 7 5 1 52 
Total$267 $399 $239 $126 $71 $20 $1,122 
Charge-offs$— $3 $— $1 $1 $— $5 
Total Finance Receivables
Low Credit Risk$376 $460 $321 $184 $96 $24 $1,461 
Average Credit Risk272 352 253 132 76 15 1,100 
High Credit Risk45 76 54 47 20 7 249 
Total$693 $888 $628 $363 $192 $46 $2,810 
Total Charge-offs$— $5 $3 $3 $3 $1 $15 
 December 31, 2022
 20222021202020192018PriorTotal
Finance
Receivables
United States (Direct)
Low Credit Risk$173 $104 $80 $53 $23 $2 $435 
Average Credit Risk83 36 26 28 7 2 182 
High Credit Risk71 70 49 18 6 2 216 
Total $327 $210 $155 $99 $36 $6 $833 
United States (Indirect)
Low Credit Risk$249 $165 $91 $49 $12 $1 $567 
Average Credit Risk210 156 73 40 11 — 490 
High Credit Risk22 20 9 5 2 — 58 
Total$481 $341 $173 $94 $25 $1 $1,115 
Canada
Low Credit Risk$31 $22 $17 $12 $5 $— $87 
Average Credit Risk46 25 22 16 5 — 114 
High Credit Risk6 6 8 4 2 1 27 
Total$83 $53 $47 $32 $12 $1 $228 
EMEA(1)
Low Credit Risk$269 $167 $90 $59 $24 $5 $614 
Average Credit Risk152 105 63 43 15 3 381 
High Credit Risk17 13 9 7 2 — 48 
Total$438 $285 $162 $109 $41 $8 $1,043 
Total Finance Receivables
Low Credit Risk$722 $458 $278 $173 $64 $8 $1,703 
Average Credit Risk491 322 184 127 38 5 1,167 
High Credit Risk116 109 75 34 12 3 349 
Total$1,329 $889 $537 $334 $114 $16 $3,219 
_____________
(1)Includes developing market countries.
Schedule of Aging of Billed Finance Receivables
The aging of our billed finance receivables is as follows:
 June 30, 2023
 Current
31-90
Days
Past Due
>90 Days
Past Due
Total BilledUnbilled
Total
Finance
Receivables
>90 Days
and
Accruing
Direct $24 $5 $4 $33 $617 $650 $37 
Indirect16 4 3 23 771 794 — 
Total United States40 9 7 56 1,388 1,444 37 
Canada5 1 1 7 237 244 10 
EMEA(1)
8 2 1 11 1,111 1,122 12 
Total$53 $12 $9 $74 $2,736 $2,810 $59 
 December 31, 2022
 Current
31-90
Days
Past Due
>90 Days
Past Due
Total BilledUnbilled
Total
Finance
Receivables
>90 Days
and
Accruing
Direct$30 $6 $6 $42 $791 $833 $47 
Indirect27 6 4 37 1,078 1,115 — 
Total United States57 12 10 79 1,869 1,948 47 
Canada5 1 — 6 222 228 6 
EMEA(1)
9 2 1 12 1,031 1,043 12 
Total$71 $15 $11 $97 $3,122 $3,219 $65 
_____________
(1)Includes developing market countries
Schedule Of Financing Receivable Sale Activity
Finance receivable sales activity was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
 2023202220232022
Finance receivable sales - net proceeds(1)
$381 $— $642 $— 
Gain on sale/Commissions(2)(3)
9 — 11 — 
Servicing revenue(2)
$2 $— $3 $— 
_____________
(1)Cash proceeds were reported in Net cash provided by operating activities.
(2)Recorded in Services, maintenance and rentals as Other Revenue. Amounts include revenues associated with the sale of the underlying leased equipment.
(3)The three and six months ended June 30, 2023, includes $2, respectively, of revenues associated with the sale of the underlying leased equipment and which are expected to be paid over the term of the agreements.