Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Schedule of Net Investment in Sales-type and Direct Financing Leases

The table below presents the net investment in sales-type and direct financing leases at June 30, 2021 and December 31, 2020.

Net Investment (1)
	June 30		December 31
(Dollars in millions)	2021		2020
Lease receivables	$	16,852	$	17,627
Unguaranteed residuals	2,191		2,303
Total net investment in sales-type and direct       financing leases	$	19,043	$	19,930

(1) In certain cases, the Corporation obtains third-party residual value insurance to reduce its residual asset risk. The carrying value of residual assets with third-party residual value insurance for at least a portion of the asset value was $7.2 billion and $6.9 billion at June 30, 2021 and December 31, 2020.

Sales-type Lease, Lease Income

The table below presents lease income for the three and six months ended June 30, 2021 and 2020.

Lease Income
	Three Months Ended June 30				Six Months Ended June 30
(Dollars in millions)	2021		2020		2021		2020
Sales-type and direct financing leases	$	152	$	175	$	316	$	372
Operating leases	223		236		454		479
Total lease income	$	375	$	411	$	770	$	851

Operating Lease, Lease Income

The table below presents lease income for the three and six months ended June 30, 2021 and 2020.

Lease Income
	Three Months Ended June 30				Six Months Ended June 30
(Dollars in millions)	2021		2020		2021		2020
Sales-type and direct financing leases	$	152	$	175	$	316	$	372
Operating leases	223		236		454		479
Total lease income	$	375	$	411	$	770	$	851

Direct Financing Lease, Lease Income

The table below presents lease income for the three and six months ended June 30, 2021 and 2020.

Lease Income
	Three Months Ended June 30				Six Months Ended June 30
(Dollars in millions)	2021		2020		2021		2020
Sales-type and direct financing leases	$	152	$	175	$	316	$	372
Operating leases	223		236		454		479
Total lease income	$	375	$	411	$	770	$	851

Lease, Cost

The table below provides information on the right-of-use assets and lease liabilities at June 30, 2021 and December 31, 2020.

Lessee Arrangements
	June 30		December 31
(Dollars in millions)	2021		2020
Right-of-use asset	$	10,030	$	10,000
Lease liabilities	10,653		10,474