Non-Insurance Revenues from Contracts with Customers

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Non-Insurance Revenues from Contracts with Customers

Non-Insurance Revenues from Contracts with Customers

The Company reported $3.9 billion of Deferred non-insurance warranty revenue as of June 30, 2020 and $3.8 billion as of December 31, 2019. For the three and six months ended June 30, 2020, the Company recognized $278 million and $564 million of revenues that were included in the deferred revenue balance as of January 1, 2020. 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, 2020 and 2019, 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 $0.6 billion of the deferred revenue in the remainder of 2020, $1.0 billion in 2021, $0.8 billion in 2022 and $1.5 billion thereafter.