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Financing Receivables and Operating Lease Equipment (Tables)
 12 Months Ended
Dec. 31, 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 at December 31:
20242023
Financing receivables:
Investment in sales-type leases$203 $556 
Notes85 102 
Total financing receivables288 658 
Less allowance for losses on receivables7 51 
Financing receivables, net281 607 
Operating lease equipment, at cost, less accumulated depreciation of $46 and $70
240 352 
Total$521 $959 
Components of Investment in Sales Type or Finance Leases
The components of investment in sales-type leases at December 31 were as follows:
20242023
Gross lease payments receivable$229 $697 
Unearned income(26)(162)
Net lease payments receivable203 535 
Unguaranteed residual assets 21 
Total$203 $556 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at December 31, 2024, by internal credit rating category and year of origination, consisted of the following:
Rating categoriesCurrent2023202220212020PriorTotal
BBB$32 $28 $122 $5 $9 $196 
B85 85 
CCC7 7 
Total carrying value of financing receivables $32 $28 $129 $5 $94 $288 
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 at December 31:
20242023
717 Aircraft (Accounted for as sales-type leases)
$196 $478 
777 Aircraft (Accounted for as operating leases)
183 194 
747-8 Aircraft (Primarily accounted for as notes)
92 129 
737 Aircraft (Primarily accounted for as operating leases)
47 156 
747-400 Aircraft (Accounted for as sales-type leases)
43 
Scheduled Receipts on Customer Financing
As of December 31, 2024, undiscounted cash flows for notes receivable, sales-type and operating leases over the next five years and thereafter are as follows:
Notes receivable
Sales-type leases
Operating leases
Year 1$9 $189 $47 
Year 210 13 39 
Year 311 13 34 
Year 412 14 32 
Year 513  13 
Thereafter30   
Total financing receipts85 229 165 
Less imputed interest(26)
Total$85 $203 $165