Leases (Tables)

12 Months Ended

Dec. 31, 2012

Components of Net Investment in Sales-Type and Direct Financing 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.

Minimum Future Lease Payments to be Received from Sales-Type and Direct Financing Leases

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

- Definition

The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

+ References+ Details