Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.3
Leases (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2025 and December 31, 2024.
Net Investment (1)
(Dollars in millions) September 30
2025
December 31
2024
Lease receivables $ 19,550  $ 18,559 
Unguaranteed residuals 2,948  2,543 
   Total net investment in sales-type and direct
      financing leases
$ 22,498  $ 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 $8.7 billion and $8.0 billion at September 30, 2025 and December 31, 2024.
Sales-type Lease, Lease Income
The table below presents lease income for the three and nine months ended September 30, 2025 and 2024.
Lease Income
Three Months Ended
September 30
Nine Months Ended September 30
(Dollars in millions) 2025 2024 2025 2024
Sales-type and direct financing
   leases
$ 312  $ 277  $ 925  $ 789 
Operating leases 241  228  710  682 
   Total lease income $ 553  $ 505  $ 1,635  $ 1,471 
Operating Lease, Lease Income
The table below presents lease income for the three and nine months ended September 30, 2025 and 2024.
Lease Income
Three Months Ended
September 30
Nine Months Ended September 30
(Dollars in millions) 2025 2024 2025 2024
Sales-type and direct financing
   leases
$ 312  $ 277  $ 925  $ 789 
Operating leases 241  228  710  682 
   Total lease income $ 553  $ 505  $ 1,635  $ 1,471 
Direct Financing Lease, Lease Income
The table below presents lease income for the three and nine months ended September 30, 2025 and 2024.
Lease Income
Three Months Ended
September 30
Nine Months Ended September 30
(Dollars in millions) 2025 2024 2025 2024
Sales-type and direct financing
   leases
$ 312  $ 277  $ 925  $ 789 
Operating leases 241  228  710  682 
   Total lease income $ 553  $ 505  $ 1,635  $ 1,471 
Supplemental Information for Lessee Arrangements
The table below provides information on the right-of-use assets and lease liabilities at September 30, 2025 and December 31, 2024.
Lessee Arrangements
(Dollars in millions) September 30
2025
December 31
2024
Right-of-use assets $ 8,286  $ 8,527 
Lease liabilities 8,955  9,135