Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.25.2
Leases (Tables)
6 Months Ended
Jun. 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 June 30, 2025 and December 31, 2024.
Net Investment (1)
(Dollars in millions) June 30
2025
December 31
2024
Lease receivables $ 19,127  $ 18,559 
Unguaranteed residuals 2,620  2,543 
   Total net investment in sales-type and direct
      financing leases
$ 21,747  $ 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 $8.5 billion and $8.0 billion at June 30, 2025 and December 31, 2024.
Sales-type Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2025 and 2024.
Lease Income
Three Months Ended June 30 Six Months Ended June 30
(Dollars in millions) 2025 2024 2025 2024
Sales-type and direct financing
   leases
$ 311  $ 262  $ 613  $ 512 
Operating leases 216  227  469  454 
   Total lease income $ 527  $ 489  $ 1,082  $ 966 
Operating Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2025 and 2024.
Lease Income
Three Months Ended June 30 Six Months Ended June 30
(Dollars in millions) 2025 2024 2025 2024
Sales-type and direct financing
   leases
$ 311  $ 262  $ 613  $ 512 
Operating leases 216  227  469  454 
   Total lease income $ 527  $ 489  $ 1,082  $ 966 
Direct Financing Lease, Lease Income
The table below presents lease income for the three and six months ended June 30, 2025 and 2024.
Lease Income
Three Months Ended June 30 Six Months Ended June 30
(Dollars in millions) 2025 2024 2025 2024
Sales-type and direct financing
   leases
$ 311  $ 262  $ 613  $ 512 
Operating leases 216  227  469  454 
   Total lease income $ 527  $ 489  $ 1,082  $ 966 
Supplemental Information for Lessee Arrangements
The table below provides information on the right-of-use assets and lease liabilities at June 30, 2025 and December 31, 2024.
Lessee Arrangements
(Dollars in millions) June 30
2025
December 31
2024
Right-of-use assets $ 8,240  $ 8,527 
Lease liabilities 8,892  9,135