v3.25.2
Financing Receivables and Operating Lease Equipment (Tables)
6 Months Ended
Jun. 30, 2025
Financing Receivables and Operating Lease Equipment [Abstract]  
Schedule of Financing Receivables and Operating Lease Equipment, Net
Financing receivables and operating lease equipment, net consisted of the following:
June 30
2025
December 31
2024
Financing receivables:
Investment in sales-type leases$9 $203 
Notes80 85 
Total financing receivables
89 288 
Less allowance for losses on receivables4 
Financing receivables, net85 281 
Operating lease equipment, at cost, less accumulated depreciation of $53 and $46
249 240 
Total$334 $521 
Components of Investment in Sales Type or Finance Leases
The components of investment in sales-type leases consisted of the following:
June 30
2025
December 31
2024
Gross lease payments receivable$26 $229 
Unearned income(17)(26)
Net lease payments receivable$9 $203 
Financing Receivable Credit Quality Indicators
Our financing receivable balances at June 30, 2025 by internal credit rating category and year of origination consisted of the following:
Rating categories
2021 and Prior
BBB$5 
B80 
CCC4 
Total carrying value of financing receivables$89 
Schedule of Customer Financing Carrying Values Related to Major Aircraft Concentrations
The majority of our financing receivables and operating lease equipment portfolio is concentrated in the following aircraft models:
June 30
2025
December 31
2024
777 Aircraft (Accounted for as operating leases)
$176 $183 
747-8 Aircraft (Primarily accounted for as notes)
84 92 
737 Aircraft (Primarily accounted for as operating leases)46 47 
717 Aircraft (Accounted for as sales-type leases)
5 196