XML 53 R39.htm IDEA: XBRL DOCUMENT v3.24.3
Financing Receivables and Operating Lease Equipment (Tables)
 9 Months Ended
Sep. 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:
September 30
2024		December 31
2023
Financing receivables:
Investment in sales-type leases$457 $556 
Notes87 102 
Total financing receivables
544 658 
Less allowance for losses on receivables10 51 
Financing receivables, net534 607 
Operating lease equipment, at cost, less accumulated depreciation of $47 and $70
244 352 
Total$778 $959 
Components of Investment in Sales Type or Finance Leases
The components of investment in sales-type leases consisted of the following:
September 30
2024		December 31
2023
Gross lease payments receivable$497 $697 
Unearned income(40)(162)
Net lease payments receivable457 535 
Unguaranteed residual assets21 
Total$457 $556 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at September 30, 2024 by internal credit rating category and year of origination consisted of the following:
Rating categoriesCurrent2023202220212020PriorTotal
BBB$19 $69 $29 $185 $100 $45 $447 
B87 87 
CCC10 10 
Total carrying value of financing receivables$19 $69 $29 $195 $100 $132 $544 
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:
September 30
2024		December 31
2023
717 Aircraft (Accounted for as sales-type leases)
$447 $478 
747-8 Aircraft (Primarily accounted for as notes)
97 129 
737 Aircraft (Primarily accounted for as operating leases)
47 156 
777 Aircraft (Accounted for as operating leases)
187 194 
747-400 Aircraft (Accounted for as sales-type leases)
43