Financing Receivables and Operating Lease Equipment (Tables)

3 Months Ended

Mar. 31, 2025

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:

	March 31 2025	December 31 2024
Financing receivables:
Investment in sales-type leases	$195	$203
Notes	82	85
Total financing receivables	277	288
Less allowance for losses on receivables	4	7
Financing receivables, net	273	281
Operating lease equipment, at cost, less accumulated depreciation of $49 and $46	237	240
Total	$510	$521

Components of Investment in Sales Type or Finance Leases

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

	March 31 2025	December 31 2024
Gross lease payments receivable	$216	$229
Unearned income	(21)	(26)
Net lease payments receivable	195	203
Unguaranteed residual assets
Total	$195	$203

Financing Receivable Credit Quality Indicators

Our financing receivable balances at March 31, 2025 by internal credit rating category and year of origination consisted of the following:

Rating categories	2023	2022	2021	Prior	Total
BBB	$31	$27	$121	$13	$192
B				82	82
CCC			3		3
Total carrying value of financing receivables	$31	$27	$124	$95	$277

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:

	March 31 2025	December 31 2024
717 Aircraft (Accounted for as sales-type leases)	$192	$196
777 Aircraft (Accounted for as operating leases)	179	183
747-8 Aircraft (Primarily accounted for as notes)	86	92
737 Aircraft (Primarily accounted for as operating leases)	47	47