Financing Receivables and Operating Lease Equipment (Tables)

6 Months Ended

Jun. 30, 2024

Financing Receivables and Operating Lease Equipment [Abstract]

Schedule of Financing Receivables and Operating Lease Equipment, Net

Financing receivables and operating lease equipment, net consisted of the following:

	June 30 2024	December 31 2023
Financing receivables:
Investment in sales-type leases	$461	$556
Notes	89	102
Total financing receivables	550	658
Less allowance for losses on receivables	16	51
Financing receivables, net	534	607
Operating lease equipment, at cost, less accumulated depreciation of $70 and $70	311	352
Total	$845	$959

Components of Investment in Sales Type or Finance Leases

The components of investment in sales-type leases consisted of the following:

	June 30 2024	December 31 2023
Gross lease payments receivable	$585	$697
Unearned income	(130)	(162)
Net lease payments receivable	455	535
Unguaranteed residual assets	6	21
Total	$461	$556

Financing Receivable Credit Quality Indicators

Our financing receivable balances at June 30, 2024 by internal credit rating category and year of origination consisted of the following:

Rating categories	Current	2023	2022	2021	2020	Prior	Total
BBB	$10	$70	$30	$190	$97	$50	$447
B						89	89
CCC				14			14
Total carrying value of financing receivables	$10	$70	$30	$204	$97	$139	$550

Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations

The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:

	June 30 2024	December 31 2023
717 Aircraft (Accounted for as sales type leases)	$447	$478
747-8 Aircraft (Accounted for as sales-type leases)	104	129
737 Aircraft ($112 and $148 accounted for as operating leases)	112	156
777 Aircraft (Accounted for as operating leases)	188	194
747-400 Aircraft (Accounted for as sales-type leases)		43