Lessor

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lessor

Lessor

Revenue from sales-type leases is presented on a gross basis when the Company enters into a lease to realize value from a product that it would otherwise sell in its ordinary course of business, whereas in transactions where the Company enters into a lease for the purpose of generating revenue by providing financing, the profit or loss, if any, is presented on a net basis. In addition, we have elected to account for sales tax and other similar taxes collected from a lessee as lessee costs and therefore we exclude these costs from contract consideration and variable consideration and present revenue net of these costs.

The components of lease income are as follows:

	Location in Statements of Income (Loss)	Year Ended December 31,
		2023		2022		2021
Revenue from sales type leases	Sales	$	920	$	708	$	664
Interest income on lease receivables	Financing	191		207		221
Lease income - operating leases	Services, maintenance and rentals	161		170		246
Variable lease income	Services, maintenance and rentals	62		63		62
Total Lease income		$	1,334	$	1,148	$	1,193

Profit at lease commencement on sales type leases was estimated to be approximately $332, $229 and $221 for the three years ended December 31, 2023, 2022 and 2021, respectively.

Lessor

Lessor

Revenue from sales-type leases is presented on a gross basis when the Company enters into a lease to realize value from a product that it would otherwise sell in its ordinary course of business, whereas in transactions where the Company enters into a lease for the purpose of generating revenue by providing financing, the profit or loss, if any, is presented on a net basis. In addition, we have elected to account for sales tax and other similar taxes collected from a lessee as lessee costs and therefore we exclude these costs from contract consideration and variable consideration and present revenue net of these costs.

The components of lease income are as follows:

	Location in Statements of Income (Loss)	Year Ended December 31,
		2023		2022		2021
Revenue from sales type leases	Sales	$	920	$	708	$	664
Interest income on lease receivables	Financing	191		207		221
Lease income - operating leases	Services, maintenance and rentals	161		170		246
Variable lease income	Services, maintenance and rentals	62		63		62
Total Lease income		$	1,334	$	1,148	$	1,193

Profit at lease commencement on sales type leases was estimated to be approximately $332, $229 and $221 for the three years ended December 31, 2023, 2022 and 2021, respectively.