Leases

12 Months Ended

Dec. 31, 2012

Leases

  NOTE 6   Leases

The components of the net investment in sales-type and direct financing leases at December 31 were as follows:

(Dollars in Millions)	2012			2011
Aggregate future minimum lease payments to be received	$	10,738		$	10,882
Unguaranteed residual values accruing to the lessor’s benefit		890			1,079
Unearned income		(1,123	)		(1,332	)
Initial direct costs		175			181
Total net investment in sales-type and direct financing leases (a)	$	10,680		$	10,810

(a) The accumulated allowance for uncollectible minimum lease payments was $80 million and $91 million at December 31, 2012 and 2011, respectively.

The minimum future lease payments to be received from sales-type and direct financing leases were as follows at December 31, 2012:

(Dollars in Millions)
2013	$	2,526
2014		3,474
2015		3,053
2016		1,090
2017		294
Thereafter		301