XML 49 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Financing Receivables, Receivables Purchased/Participated from IBM - Net of Allowances (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Financing receivables        
Financing receivables pledged as collateral for borrowings $ 758 $ 758 $ 1,062  
Proceeds from sales of financing receivables   715    
Financing receivables held for sale 0 0 0  
Financing Receivable Portfolio        
Financing receivables        
Financing receivables, gross 14,296 14,296 17,592  
Unearned income (601) (601) (761)  
Deferred initial direct costs 88 88 103  
Residual value 483 483    
Amortized cost/Recorded investment 14,266 14,266 16,934  
Allowance for credit losses (182) (182) (148)  
Unguaranteed residual value     531  
Guaranteed residual value     47  
Net financing receivables 14,084 14,084 17,365  
Sold financing receivables 711      
Lease receivables        
Financing receivables        
Financing receivables, gross 3,661 3,661 4,626  
Unearned income (281) (281) (384)  
Deferred initial direct costs 25 25 32  
Residual value 483 483    
Amortized cost/Recorded investment 3,888 3,888 4,274  
Allowance for credit losses (72) (72) (56) $ (65)
Unguaranteed residual value     531  
Guaranteed residual value     47  
Net financing receivables 3,816 $ 3,816 4,796  
Sold financing receivables 417      
Lease receivables | Minimum        
Financing receivables        
Financing receivable, payment terms   2 years    
Lease receivables | Maximum        
Financing receivables        
Financing receivable, payment terms   6 years    
Commercial financing receivables        
Financing receivables        
Financing receivables, gross 2,031 $ 2,031 3,400  
Unearned income (3) (3) (4)  
Amortized cost/Recorded investment 2,029 2,029 3,396  
Allowance for credit losses (9) (9) (9)  
Net financing receivables 2,020 $ 2,020 3,387  
Commercial financing receivables | Minimum        
Financing receivables        
Financing receivable, payment terms   30 days    
Commercial financing receivables | Maximum        
Financing receivables        
Financing receivable, payment terms   90 days    
Loan receivables        
Financing receivables        
Financing receivables, gross 8,603 $ 8,603 9,566  
Unearned income (317) (317) (373)  
Deferred initial direct costs 63 63 71  
Amortized cost/Recorded investment 8,349 8,349 9,264  
Allowance for credit losses (101) (101) (82) (98)
Net financing receivables 8,248 $ 8,248 9,181  
Sold financing receivables 294      
Loan receivables | Maximum        
Financing receivables        
Financing receivable, payment terms   7 years    
Purchased and participated receivables from IBM        
Financing receivables        
Allowance for credit losses (22) $ (22) (8)  
Net financing receivables 4,362 4,362 4,359  
Short-term purchased receivables from IBM        
Financing receivables        
Amortized cost/Recorded investment 50 50 56  
Allowance for credit losses 0 0 0  
Net financing receivables 50 50 56  
Long-term participated receivables from IBM        
Financing receivables        
Amortized cost/Recorded investment 4,333 4,333 4,310  
Allowance for credit losses (21) (21) (7) $ (14)
Net financing receivables $ 4,312 $ 4,312 $ 4,303