XML 45 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 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 September 30, 2022 and December 31, 2021.
Net Investment (1)
(Dollars in millions)September 30
2022
December 31
2021
Lease receivables$14,937 $16,806 
Unguaranteed residuals1,793 2,078 
   Total net investment in sales-type and direct
      financing leases
$16,730 $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 $6.6 billion and $7.1 billion at September 30, 2022 and December 31, 2021.
Sales-type Lease, Lease Income
The table below presents lease income for the three and nine months ended September 30, 2022 and 2021.
Lease Income
Three Months Ended September 30Nine Months Ended September 30
(Dollars in millions)2022202120222021
Sales-type and direct
   financing leases
$149 $152 $428 $468 
Operating leases241 235 704 689 
   Total lease income$390 $387 $1,132 $1,157 
Operating Lease, Lease Income
The table below presents lease income for the three and nine months ended September 30, 2022 and 2021.
Lease Income
Three Months Ended September 30Nine Months Ended September 30
(Dollars in millions)2022202120222021
Sales-type and direct
   financing leases
$149 $152 $428 $468 
Operating leases241 235 704 689 
   Total lease income$390 $387 $1,132 $1,157 
Direct Financing Lease, Lease Income
The table below presents lease income for the three and nine months ended September 30, 2022 and 2021.
Lease Income
Three Months Ended September 30Nine Months Ended September 30
(Dollars in millions)2022202120222021
Sales-type and direct
   financing leases
$149 $152 $428 $468 
Operating leases241 235 704 689 
   Total lease income$390 $387 $1,132 $1,157 
Lease, Cost
The table below provides information on the right-of-use assets and lease liabilities at September 30, 2022 and December 31, 2021.
Lessee Arrangements
(Dollars in millions)September 30
2022
December 31
2021
Right-of-use asset$9,743 $10,233 
Lease liabilities10,310 10,858