Other Assets and Other Liabilities and Deferred Income

9 Months Ended

Sep. 30, 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		September 30, 2024
Prepaid reinsurance premiums and other reinsurance recoverables	$	818	$	861
Accrued interest and other non-finance receivables	677		735
Collateral held for resale, at net realizable value	426		511
Property and equipment, net of accumulated depreciation (a)	270		306
Investment in non-consolidated affiliates	167		191
Deferred tax assets	190		189
Restricted cash	137		108
Operating lease assets	53		40
Other	202		341
Total other assets	$	2,940	$	3,282

__________

(a)Accumulated depreciation was $453 million and $446 million at December 31, 2023 and September 30, 2024, respectively.

Other liabilities were as follows (in millions):

	December 31, 2023		September 30, 2024
Interest payable	$	963	$	1,152
Unearned insurance premiums and fees	930		976
Income tax and related interest (a)	186		133
Payroll and employee benefits	96		93
Operating lease liabilities	55		42
Other	229		274
Total other liabilities	$	2,459	$	2,670

__________

(a)Includes income tax and interest payable to affiliated companies of $62 million and $6 million at December 31, 2023 and September 30, 2024, respectively.