Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024.
Net Investment (1)
(Dollars in millions) March 31
2025		 December 31
2024
Lease receivables $ 18,875  $ 18,559 
Unguaranteed residuals 2,491  2,543 
   Total net investment in sales-type and direct
      financing leases		 $ 21,366  $ 21,102 
(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 $8.3 billion and $8.0 billion at March 31, 2025 and December 31, 2024.
Sales-type Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2025 and 2024.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2025 2024
Sales-type and direct financing leases $ 302  $ 250 
Operating leases 253  227 
   Total lease income $ 555  $ 477 
Operating Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2025 and 2024.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2025 2024
Sales-type and direct financing leases $ 302  $ 250 
Operating leases 253  227 
   Total lease income $ 555  $ 477 
Direct Financing Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2025 and 2024.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2025 2024
Sales-type and direct financing leases $ 302  $ 250 
Operating leases 253  227 
   Total lease income $ 555  $ 477 
Supplemental Information for Lessee Arrangements
The table below provides information on the right-of-use assets and lease liabilities at March 31, 2025 and December 31, 2024.
Lessee Arrangements
(Dollars in millions) March 31
2025		 December 31
2024
Right-of-use assets $ 8,583  $ 8,527 
Lease liabilities 9,196  9,135