FINANCING RECEIVABLES

9 Months Ended

Sep. 30, 2023


Financing Receivables
	As of
	September 30, 2023		December 31, 2022
Loans, net of deferred income	$	28	$	29
Investment in financing leases, net of deferred income	72		72
Allowance for credit losses	(3)		(4)
Current financing receivables – net(1)	97		97
Loans, net of deferred income	38		44
Investment in financing leases, net of deferred income	156		158
Allowance for credit losses	(4)		(6)
Non-current financing receivables – net(1)	$	190	$	196

(1) Current financing receivables and non-current financing receivables are recognized within All other current assets and All other assets, respectively, in the Condensed Consolidated and Combined Statements of Financial Position.

As of September 30, 2023, 6%, 5%, and 5% of financing receivables were over 30 days past due, over 90 days past due, and on nonaccrual, respectively, with the majority of nonaccrual financing receivables secured by collateral. As of December 31, 2022, 7%, 6%, and 6% of financing receivables were over 30 days past due, over 90 days past due, and on nonaccrual, respectively, with the majority of nonaccrual financing receivables secured by collateral.