Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Net Investment in Sales-type and Direct Financing Leases The following table presents the net investment in sales-type and direct financing leases at March 31, 2023 and December 31, 2022.
Net Investment (1)
(Dollars in millions) March 31 2023 December 31 2022
Lease receivables $ 14,895  $ 15,123 
Unguaranteed residuals 2,116  2,143 
   Total net investment in sales-type and direct
      financing leases		 $ 17,011  $ 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 $6.4 billion and $6.5 billion at March 31, 2023 and December 31, 2022.
Sales-type Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2023 and 2022.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2023 2022
Sales-type and direct financing leases $ 172  $ 142 
Operating leases 238  232 
   Total lease income $ 410  $ 374 
Operating Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2023 and 2022.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2023 2022
Sales-type and direct financing leases $ 172  $ 142 
Operating leases 238  232 
   Total lease income $ 410  $ 374 
Direct Financing Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2023 and 2022.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2023 2022
Sales-type and direct financing leases $ 172  $ 142 
Operating leases 238  232 
   Total lease income $ 410  $ 374 
Supplemental Information
The table below provides information on the right-of-use assets and lease liabilities at March 31, 2023 and December 31, 2022.
Lessee Arrangements
(Dollars in millions) March 31 2023 December 31 2022
Right-of-use asset $ 9,527  $ 9,755 
Lease liabilities 10,137  10,359