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Leases (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022 and December 31, 2021.
Net Investment (1)
(Dollars in millions)June 30
2022
December 31
2021
Lease receivables$15,628 $16,806 
Unguaranteed residuals1,870 2,078 
   Total net investment in sales-type and direct
      financing leases
$17,498 $18,884 
(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 $6.8 billion and $7.1 billion at June 30, 2022 and December 31, 2021.
Sales-type Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2022 and 2021.
Lease Income
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2022202120222021
Sales-type and direct
   financing leases
$137 $152 $279 $316 
Operating leases231 223 463 454 
   Total lease income$368 $375 $742 $770 
Operating Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2022 and 2021.
Lease Income
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2022202120222021
Sales-type and direct
   financing leases
$137 $152 $279 $316 
Operating leases231 223 463 454 
   Total lease income$368 $375 $742 $770 
Direct Financing Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2022 and 2021.
Lease Income
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2022202120222021
Sales-type and direct
   financing leases
$137 $152 $279 $316 
Operating leases231 223 463 454 
   Total lease income$368 $375 $742 $770 
Lease, Cost
The table below provides information on the right-of-use assets and lease liabilities at June 30, 2022 and December 31, 2021.
Lessee Arrangements
(Dollars in millions)June 30
2022
December 31
2021
Right-of-use asset$9,963 $10,233 
Lease liabilities10,560 10,858