Other Assets and Other Liabilities and Deferred Income

3 Months Ended

Mar. 31, 2024

Other Assets and Other Liabilities and Deferred Income [Abstract]

OTHER ASSETS AND OTHER LIABILITIES AND DEFERRED INCOME

OTHER ASSETS AND OTHER LIABILITIES

Other assets and Other liabilities consist of various balance sheet items that are combined for financial statement presentation due to their respective materiality compared with other individual asset and liability items.

Other assets were as follows (in millions):

	December 31, 2023		March 31, 2024
Prepaid reinsurance premiums and other reinsurance recoverables	$	818	$	828
Accrued interest and other non-finance receivables	677		671
Collateral held for resale, at net realizable value	426		390
Property and equipment, net of accumulated depreciation (a)	270		279
Investment in non-consolidated affiliates	167		174
Deferred charges - income taxes	190		163
Restricted cash	137		102
Operating lease assets	53		48
Other	202		224
Total other assets	$	2,940	$	2,879

__________

(a)Accumulated depreciation was $453 million and $462 million at December 31, 2023 and March 31, 2024, respectively.

Other liabilities were as follows (in millions):

	December 31, 2023		March 31, 2024
Interest payable	$	963	$	1,068
Unearned insurance premiums and fees	930		939
Income tax and related interest (a)	186		193
Payroll and employee benefits	96		85
Operating lease liabilities	55		50
Other	229		244
Total other liabilities	$	2,459	$	2,579

__________

(a)Includes income tax and interest payable to affiliated companies of $62 million and $32 million at December 31, 2023 and March 31, 2024, respectively.