XML 62 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
Finance Assets and Lessor Operating Leases (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Summary of Financing Receivables Finance receivables consisted of the following:
December 31, 2024December 31, 2023
North AmericaInternationalTotalNorth AmericaInternationalTotal
Sales-type lease receivables   
Gross finance receivables$946,294 $120,109 $1,066,403 $987,743 $143,466 $1,131,209 
Unguaranteed residual values36,361 5,890 42,251 38,059 7,211 45,270 
Unearned income(257,971)(34,674)(292,645)(253,711)(42,847)(296,558)
Allowance for credit losses(12,659)(2,324)(14,983)(13,942)(2,786)(16,728)
Net investment in sales-type lease receivables712,025 89,001 801,026 758,149 105,044 863,193 
Loan receivables      
Loan receivables334,717 16,874 351,591 342,062 17,865 359,927 
Allowance for credit losses(6,549)(144)(6,693)(6,346)(153)(6,499)
Net investment in loan receivables328,168 16,730 344,898 335,716 17,712 353,428 
Net investment in finance receivables$1,040,193 $105,731 $1,145,924 $1,093,865 $122,756 $1,216,621 
Summary of Sales-type Lease Maturity
Maturities of finance receivables at December 31, 2024 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
2025$354,202 $65,266 $419,468 $268,359 $16,874 $285,233 
2026273,633 27,285 300,918 31,170 — 31,170 
2027186,094 16,062 202,156 22,963 — 22,963 
202897,912 7,834 105,746 9,936 — 9,936 
202932,824 3,212 36,036 2,232 — 2,232 
Thereafter1,629 450 2,079 57 — 57 
Total$946,294 $120,109 $1,066,403 $334,717 $16,874 $351,591 
Summary of Loan Receivable Maturity
Maturities of finance receivables at December 31, 2024 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
2025$354,202 $65,266 $419,468 $268,359 $16,874 $285,233 
2026273,633 27,285 300,918 31,170 — 31,170 
2027186,094 16,062 202,156 22,963 — 22,963 
202897,912 7,834 105,746 9,936 — 9,936 
202932,824 3,212 36,036 2,232 — 2,232 
Thereafter1,629 450 2,079 57 — 57 
Total$946,294 $120,109 $1,066,403 $334,717 $16,874 $351,591 
Summary of Allowance for Credit Losses and Write-offs on Financing Receivables
Activity in the allowance for credit losses on finance receivables was as follows:
Allowance for Credit Losses
Sales-type Lease ReceivablesLoan Receivables
North
America
InternationalNorth
America
InternationalTotal
Balance at December 31, 2021$19,546 $3,246 $3,259 $167 $26,218 
Amounts charged to expense(2,476)712 3,992 288 2,516 
Write-offs (6,043)(791)(4,903)(295)(12,032)
Recoveries3,184 39 2,447 5,671 
Other(80)(313)(8)(22)(423)
Balance at December 31, 202214,131 2,893 4,787 139 21,950 
Amounts charged to expense2,096 1,178 4,847 389 8,510 
Write-offs(4,757)(1,448)(5,182)(391)(11,778)
Recoveries2,454 181 1,893 — 4,528 
Other18 (18)16 17 
Balance at December 31, 202313,942 2,786 6,346 153 23,227 
Amounts charged to expense1,176 450 5,363 382 7,371 
Write-offs(4,233)(870)(6,587)(379)(12,069)
Recoveries1,635 178 1,801  3,614 
Other139 (220)(374)(12)(467)
Balance at December 31, 2024$12,659 $2,324 $6,549 $144 $21,676 

The table below shows write-offs of gross finance receivables by year of origination.
December 31, 2024
Sales Type Lease ReceivablesLoan ReceivablesTotal
20242023202220212020Prior
Write-offs$144 $1,104 $1,702 $1,063 $749 $341 $6,966 $12,069 

December 31, 2023
Sales Type Lease ReceivablesLoan ReceivablesTotal
20232022202120202019Prior
Write-offs$883 $1,680 $1,551 $1,079 $619 $393 $5,573 $11,778 
Summary of Past Due Financing Receivables
The aging of gross finance receivables was as follows:
December 31, 2024
Sales-type Lease ReceivablesLoan Receivables
North
America
InternationalNorth
America
InternationalTotal
Past due amounts 0 - 90 days$932,948 $117,908 $331,411 $16,809 $1,399,076 
Past due amounts > 90 days13,346 2,201 3,306 65 18,918 
Total$946,294 $120,109 $334,717 $16,874 $1,417,994 
December 31, 2023
Sales-type Lease ReceivablesLoan Receivables
North
America
InternationalNorth
America
InternationalTotal
Past due amounts 0 - 90 days$977,744 $140,857 $339,789 $17,664 $1,476,054 
Past due amounts > 90 days9,999 2,609 2,273 201 15,082 
Total$987,743 $143,466 $342,062 $17,865 $1,491,136 
Summary of Financing Receivable Credit Quality Indicators
The table below shows gross finance receivables by relative risk class and year of origination based on the relative scores of the accounts within each class as of December 31, 2024 and 2023.

Sales Type Lease ReceivablesLoan ReceivablesTotal
20242023202220212020Prior
Low$188,847 $210,547 $163,892 $104,269 $66,673 $42,586 $273,736 $1,050,550 
Medium31,970 31,839 26,652 19,180 10,556 10,512 34,376 165,085 
High4,633 4,488 3,753 2,415 2,038 684 11,826 29,837 
Not Scored49,835 38,659 28,250 17,131 5,400 1,594 31,653 172,522 
Total$275,285 $285,533 $222,547 $142,995 $84,667 $55,376 $351,591 $1,417,994 
Sales Type Lease ReceivablesLoan ReceivablesTotal
20232022202120202019Prior
Low$261,583 $222,947 $155,193 $96,986 $46,635 $27,164 $264,232 $1,074,740 
Medium46,208 35,891 24,483 16,027 10,503 8,041 62,910 204,063 
High4,455 4,217 2,554 1,853 740 862 7,487 22,168 
Not Scored59,335 49,839 33,494 15,944 5,089 1,166 25,298 190,165 
Total$371,581 $312,894 $215,724 $130,810 $62,967 $37,233 $359,927 $1,491,136 
Summary of Sales-type Lease, Lease Income
Lease income from sales-type leases, excluding variable lease payments, was as follows:
Years Ended December 31,
202420232022
Profit recognized at commencement $101,600 $120,011 $134,717 
Interest income152,348 154,998 163,485 
Total lease income from sales-type leases$253,948 $275,009 $298,202 
Summary of Lessor, Payments to be Received Maturities of these operating leases are as follows:
2025
$20,060 
2026
19,920 
2027
14,028 
2028
2,411 
2029
2,092 
Thereafter4,114 
Total$62,625