Investment in Receivables (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Investment in Receivables

The investment in receivables consisted of the following at December 31:

	2012			2011
Investment in finance leases:
Direct finance leases:
Minimum lease payments	$	1,436		$	1,661
Estimated residual value		512			509
Unearned income and deferred net incremental direct costs		(502	)		(570	)
Leveraged leases(1):
Minimum lease payments		542			600
Less principal and interest payable on non-recourse debt		(288	)		(376	)
Estimated residual value		32			32
Unearned income and deferred net incremental direct costs		(159	)		(129	)
Total investment in finance leases		1,573			1,727
Investment in notes and other:
Principal		777			620
Accrued interest		1			3
Unamortized deferred fees and net incremental direct costs		(5	)		(2	)
Total notes and other		773			621
Total investment in finance leases and notes and other		2,346			2,348
Less allowance for losses on receivables		(46	)		(53	)
	$	2,300		$	2,295
Receivables balance individually evaluated for impairment	$	253		$	350
Receivables balance collectively evaluated for impairment	$	2,093		$	1,998

⁽¹⁾ For the years ended December 31, 2012 and 2011, net investment in leveraged leases, less deferred income taxes of $143 and $202, was $(16) and $(75).

Scheduled Minimum Lease Payments on Finance Leases and Scheduled Principal Payments on Notes and Other Receivables

Scheduled minimum lease payments on Finance leases and scheduled principal payments on Notes and other receivables are as follows for the years ended December 31:

	2013		2014		2015		2016		2017		Thereafter
Finance leases (1)	$	234	$	175	$	175	$	175	$	163	$	768
Notes and other	$	382	$	98	$	57	$	41	$	42	$	157

⁽¹⁾ Includes both direct finance leases and leveraged leases (less principal and interest payable on non-recourse debt).