XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Finance Assets and Lessor Operating Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Schedule of Financing Receivables
Finance receivables consisted of the following:
September 30, 2025December 31, 2024
North AmericaInternationalTotalNorth AmericaInternationalTotal
Sales-type lease receivables      
Gross finance receivables$881,118 $124,556 $1,005,674 $946,294 $120,109 $1,066,403 
Unguaranteed residual values33,821 5,943 39,764 36,361 5,890 42,251 
Unearned income(254,094)(37,465)(291,559)(257,971)(34,674)(292,645)
Allowance for credit losses(11,187)(1,993)(13,180)(12,659)(2,324)(14,983)
Net investment in sales-type lease receivables649,658 91,041 740,699 712,025 89,001 801,026 
Loan receivables     
Loan receivables386,799 1,199 387,998 334,717 16,874 351,591 
Allowance for credit losses(6,425)(203)(6,628)(6,549)(144)(6,693)
Net investment in loan receivables380,374 996 381,370 328,168 16,730 344,898 
Net investment in finance receivables$1,030,032 $92,037 $1,122,069 $1,040,193 $105,731 $1,145,924 
Schedule of Sales-type Lease Maturity
Maturities of gross finance receivables at September 30, 2025 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
Remainder 2025$90,678 $31,510 $122,188 $190,893 $1,199 $192,092 
2026325,284 40,511 365,795 69,103 — 69,103 
2027236,466 27,015 263,481 58,215 — 58,215 
2028142,560 15,733 158,293 39,537 — 39,537 
202967,958 7,307 75,265 22,649 — 22,649 
Thereafter18,172 2,480 20,652 6,402 — 6,402 
Total$881,118 $124,556 $1,005,674 $386,799 $1,199 $387,998 
Schedule of Loan Receivable Maturity
Maturities of gross finance receivables at September 30, 2025 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
Remainder 2025$90,678 $31,510 $122,188 $190,893 $1,199 $192,092 
2026325,284 40,511 365,795 69,103 — 69,103 
2027236,466 27,015 263,481 58,215 — 58,215 
2028142,560 15,733 158,293 39,537 — 39,537 
202967,958 7,307 75,265 22,649 — 22,649 
Thereafter18,172 2,480 20,652 6,402 — 6,402 
Total$881,118 $124,556 $1,005,674 $386,799 $1,199 $387,998 
Schedule of Past Due Financing Receivables
The aging of gross finance receivables was as follows:
September 30, 2025
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalNorth AmericaInternationalTotal
Past due amounts 0 - 90 days$872,190 $122,668 $384,647 $1,096 $1,380,601 
Past due amounts > 90 days8,928 1,888 2,152 103 13,071 
Total$881,118 $124,556 $386,799 $1,199 $1,393,672 

December 31, 2024
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalNorth AmericaInternationalTotal
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 
Schedule of Allowance for Credit Losses and Write-offs on Financing Receivables
Activity in the allowance for credit losses for finance receivables was as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalNorth AmericaInternationalTotal
Balance at January 1, 2025$12,659 $2,324 $6,549 $144 $21,676 
Amounts charged to expense877 25 2,952 229 4,083 
Write-offs(4,116)(581)(3,700)(183)(8,580)
Recoveries1,696 100 619 — 2,415 
Other71 125 5 13 214 
Balance at September 30, 2025$11,187 $1,993 $6,425 $203 $19,808 
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalNorth AmericaInternationalTotal
Balance at January 1, 2024$13,942 $2,786 $6,346 $153 $23,227 
Amounts charged to expense998 (7)3,550 354 4,895 
Write-offs (3,232)(636)(5,116)(349)(9,333)
Recoveries1,221 145 1,546 — 2,912 
Other10 (11)(22)22 (1)
Balance at September 30, 2024$12,939 $2,277 $6,304 $180 $21,700 
The table below shows write-offs of gross finance receivables by year of origination.
Nine Months Ended September 30, 2025
Sales Type Lease ReceivablesLoan ReceivablesTotal
20252024202320222021Prior
Write-offs$264 $697 $1,056 $1,302 $936 $442 $3,883 $8,580 

Nine Months Ended September 30, 2024
Sales Type Lease ReceivablesLoan ReceivablesTotal
20242023202220212020Prior
Write-offs$67 $829 $1,382 $763 $543 $284 $5,465 $9,333 
Schedule 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.
September 30, 2025
Sales Type Lease ReceivablesLoan ReceivablesTotal
20252024202320222021Prior
Low$117,072 $162,352 $165,923 $118,745 $81,025 $84,603 $337,879 $1,067,599 
Medium20,201 29,883 27,821 21,421 13,576 13,910 30,315 157,127 
High2,206 2,988 2,621 2,069 1,276 1,644 5,417 18,221 
Not Scored42,704 32,217 25,763 16,464 11,027 8,163 14,387 150,725 
Total$182,183 $227,440 $222,128 $158,699 $106,904 $108,320 $387,998 $1,393,672 
December 31, 2024
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 
Schedule of Sales-type Lease, Lease Income
Lease income from sales-type leases, excluding variable lease payments, was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Profit recognized at commencement$18,677 $24,071 $56,493 $78,277 
Interest income37,286 38,264 113,286 114,277 
Total lease income from sales-type leases$55,963 $62,335 $169,779 $192,554 
Schedule of Lessor, Payments to be Received Maturities of operating leases are as follows:
Remainder 2025$5,658 
202619,356 
202715,756 
20287,966 
20294,616 
Thereafter2,139 
Total$55,491