XML 48 R19.htm IDEA: XBRL DOCUMENT v3.24.2
Leases
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases Leases:
Accounting for Leases as a Lessor
The following table presents amounts included in the Consolidated Income Statement related to lessor activity.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2024202320242023
Lease income — sales-type and direct financing leases:
    
Sales-type lease selling price$367 $248 $480 $338 
Less: Carrying value of underlying assets (1)
(66)(61)(94)(91)
Gross profit$301 $187 $386 $247 
Interest income on lease receivables69 59 138 118 
Total sales-type and direct financing lease income$370 $246 $524 $365 
Lease income — operating leases
16 25 34 51 
Variable lease income18 14 38 35 
Total lease income$404 $284 $596 $451 
(1)Excludes unguaranteed residual value.
Leases Leases:
Accounting for Leases as a Lessor
The following table presents amounts included in the Consolidated Income Statement related to lessor activity.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2024202320242023
Lease income — sales-type and direct financing leases:
    
Sales-type lease selling price$367 $248 $480 $338 
Less: Carrying value of underlying assets (1)
(66)(61)(94)(91)
Gross profit$301 $187 $386 $247 
Interest income on lease receivables69 59 138 118 
Total sales-type and direct financing lease income$370 $246 $524 $365 
Lease income — operating leases
16 25 34 51 
Variable lease income18 14 38 35 
Total lease income$404 $284 $596 $451 
(1)Excludes unguaranteed residual value.
Leases Leases:
Accounting for Leases as a Lessor
The following table presents amounts included in the Consolidated Income Statement related to lessor activity.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2024202320242023
Lease income — sales-type and direct financing leases:
    
Sales-type lease selling price$367 $248 $480 $338 
Less: Carrying value of underlying assets (1)
(66)(61)(94)(91)
Gross profit$301 $187 $386 $247 
Interest income on lease receivables69 59 138 118 
Total sales-type and direct financing lease income$370 $246 $524 $365 
Lease income — operating leases
16 25 34 51 
Variable lease income18 14 38 35 
Total lease income$404 $284 $596 $451 
(1)Excludes unguaranteed residual value.