FINANCING RECEIVABLES

12 Months Ended

Dec. 31, 2023


Financing Receivables
	As of
	December 31, 2023		December 31, 2022
Loans, net of deferred income	$	29	$	29
Investment in financing leases, net of deferred income	71		72
Allowance for credit losses	(3)		(4)
Current financing receivables – net(1)	97		97
Loans, net of deferred income	37		44
Investment in financing leases, net of deferred income	146		158
Allowance for credit losses	(5)		(6)
Non-current financing receivables – net(1)	$	178	$	196

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

Total financing receivables sold were $27 million, $8 million, and $104 million for the years ended December 31, 2023, 2022, and 2021, respectively.

As of December 31, 2023, 5%, 5%, 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. 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.