Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2022
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, 2022 and December 31, 2021.
Net Investment (1)
(Dollars in millions) March 31
2022		 December 31
2021
Lease receivables $ 16,257  $ 16,806 
Unguaranteed residuals 1,930  2,078 
   Total net investment in sales-type and direct
      financing leases		 $ 18,187  $ 18,884 
(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 $7.1 billion at both March 31, 2022 and December 31, 2021.
Sales-type Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2022 and 2021.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2022 2021
Sales-type and direct financing leases $ 142  $ 164 
Operating leases 232  231 
   Total lease income $ 374  $ 395 
Operating Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2022 and 2021.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2022 2021
Sales-type and direct financing leases $ 142  $ 164 
Operating leases 232  231 
   Total lease income $ 374  $ 395 
Direct Financing Lease, Lease Income
The table below presents lease income for the three months ended March 31, 2022 and 2021.
Lease Income
Three Months Ended March 31
(Dollars in millions) 2022 2021
Sales-type and direct financing leases $ 142  $ 164 
Operating leases 232  231 
   Total lease income $ 374  $ 395 
Lease, Cost
The table below provides information on the right-of-use assets and lease liabilities at March 31, 2022 and December 31, 2021.
Lessee Arrangements
(Dollars in millions) March 31
2022		 December 31
2021
Right-of-use asset $ 10,220  $ 10,233 
Lease liabilities 10,835  10,858