XML 46 R34.htm IDEA: XBRL DOCUMENT v3.23.2
Leases (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023 and December 31, 2022.
Net Investment (1)
(Dollars in millions)June 30
2023
December 31 2022
Lease receivables$15,098 $15,123 
Unguaranteed residuals2,157 2,143 
   Total net investment in sales-type and direct
      financing leases
$17,255 $17,266 
(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 $6.5 billion at both June 30, 2023 and December 31, 2022.
Sales-type Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2023 and 2022.
Lease Income
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2023202220232022
Sales-type and direct financing leases$181 $137 $353 $279 
Operating leases234 231 472 463 
   Total lease income$415 $368 $825 $742 
Operating Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2023 and 2022.
Lease Income
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2023202220232022
Sales-type and direct financing leases$181 $137 $353 $279 
Operating leases234 231 472 463 
   Total lease income$415 $368 $825 $742 
Direct Financing Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2023 and 2022.
Lease Income
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2023202220232022
Sales-type and direct financing leases$181 $137 $353 $279 
Operating leases234 231 472 463 
   Total lease income$415 $368 $825 $742 
Supplemental Information
The table below provides information on the right-of-use assets and lease liabilities at June 30, 2023 and December 31, 2022.
Lessee Arrangements
(Dollars in millions)June 30
2023
December 31 2022
Right-of-use asset$9,348 $9,755 
Lease liabilities9,973 10,359