XML 38 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investment in Operating Leases, Net
 12 Months Ended
Dec. 31, 2018
Leases, Operating [Abstract]  
Lessor, Operating Leases
Investment in Operating Leases, Net
Investment in operating leases were as follows.
December 31, ($ in millions)
 
2018
 
2017
Vehicles
 
$
9,995

 
$
10,556

Accumulated depreciation
 
(1,578
)
 
(1,815
)
Investment in operating leases, net
 
$
8,417

 
$
8,741


Depreciation expense on operating lease assets includes remarketing gains and losses recognized on the sale of operating lease assets. The following summarizes the components of depreciation expense on operating lease assets.
Year ended December 31, ($ in millions)
 
2018
 
2017
 
2016
Depreciation expense on operating lease assets (excluding remarketing gains)
 
$
1,115

 
$
1,368

 
$
1,982

Remarketing gains, net
 
(90
)
 
(124
)
 
(213
)
Net depreciation expense on operating lease assets
 
$
1,025

 
$
1,244

 
$
1,769


The following table presents the future lease nonresidual rental payments due from customers for vehicles on operating leases.
Year ended December 31, ($ in millions)
 
 
2019
 
$
1,308

2020
 
830

2021
 
297

2022
 
27

2023 and thereafter
 
3

Total
 
$
2,465