Non-Insurance Revenues from Contracts with Customers

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Non-Insurance Revenues from Contracts with Customers

Non-Insurance Revenues from Contracts with Customers

The Company had deferred non-insurance warranty revenue balances of $3.6 billion and $3.4 billion reported in Deferred non-insurance warranty revenue as of June 30, 2019 and December 31, 2018. For the three and six months ended June 30, 2019, the Company recognized $246 million and $511 million of revenues that were included in the deferred revenue balance as of January 1, 2019. For the three and six months ended June 30, 2018, the Company recognized $213 million and $435 million of revenues that were included in the deferred revenue balance as of January 1, 2018. For the three and six months ended June 30, 2019 and 2018, Non-insurance warranty revenue recognized from performance obligations related to prior periods due to a change in estimate was not material. The Company expects to recognize approximately $530 million of the deferred revenue in the remainder of 2019, $927 million in 2020, $746 million in 2021 and $1.4 billion thereafter.