v3.26.1
Finance Assets and Lessor Operating Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Financing Receivables
Finance receivables consisted of the following:
March 31, 2026December 31, 2025
North AmericaInternationalTotalNorth AmericaInternationalTotal
Sales-type lease receivables      
Gross finance receivables$848,201 $104,844 $953,045 $870,453 $114,080 $984,533 
Unguaranteed residual values31,824 5,666 37,490 33,047 6,063 39,110 
Unearned income(256,673)(31,275)(287,948)(255,754)(34,736)(290,490)
Allowance for credit losses(9,674)(1,912)(11,586)(10,281)(1,947)(12,228)
Net investment in sales-type lease receivables613,678 77,323 691,001 637,465 83,460 720,925 
Loan receivables     
Loan receivables365,426 3,060 368,486 384,846 2,152 386,998 
Allowance for credit losses(6,707)(67)(6,774)(6,334)(14)(6,348)
Net investment in loan receivables358,719 2,993 361,712 378,512 2,138 380,650 
Net investment in finance receivables$972,397 $80,316 $1,052,713 $1,015,977 $85,598 $1,101,575 
Schedule of Sales-type Lease Maturity
Maturities of gross finance receivables at March 31, 2026 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
Remainder 2026$258,655 $38,031 $296,686 $231,877 $3,060 $234,937 
2027271,638 31,463 303,101 61,104 — 61,104 
2028177,332 19,717 197,049 42,488 — 42,488 
202996,322 10,543 106,865 23,783 — 23,783 
203039,737 4,031 43,768 5,725 — 5,725 
Thereafter4,517 1,059 5,576 449 — 449 
Total$848,201 $104,844 $953,045 $365,426 $3,060 $368,486 
Schedule of Loan Receivable Maturity
Maturities of gross finance receivables at March 31, 2026 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
Remainder 2026$258,655 $38,031 $296,686 $231,877 $3,060 $234,937 
2027271,638 31,463 303,101 61,104 — 61,104 
2028177,332 19,717 197,049 42,488 — 42,488 
202996,322 10,543 106,865 23,783 — 23,783 
203039,737 4,031 43,768 5,725 — 5,725 
Thereafter4,517 1,059 5,576 449 — 449 
Total$848,201 $104,844 $953,045 $365,426 $3,060 $368,486 
Schedule of Past Due Financing Receivables
The aging of gross finance receivables was as follows:
March 31, 2026
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalNorth AmericaInternationalTotal
Past due amounts 0 - 90 days$840,078 $102,236 $357,361 $2,966 $1,302,641 
Past due amounts > 90 days8,123 2,608 8,065 94 18,890 
Total$848,201 $104,844 $365,426 $3,060 $1,321,531 

December 31, 2025
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalNorth AmericaInternationalTotal
Past due amounts 0 - 90 days$861,059 $111,809 $382,697 $1,746 $1,357,311 
Past due amounts > 90 days9,394 2,271 2,149 406 14,220 
Total$870,453 $114,080 $384,846 $2,152 $1,371,531 
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, 2026$10,281 $1,947 $6,334 $14 $18,576 
Amounts charged to expense(287)60 1,546 48 1,367 
Write-offs(988)(109)(1,385)— (2,482)
Recoveries676 31 212 — 919 
Other(8)(17)— 5 (20)
Balance at March 31, 2026$9,674 $1,912 $6,707 $67 $18,360 
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 expense644 (105)582 42 1,163 
Write-offs (1,536)(186)(1,543)(48)(3,313)
Recoveries492 48 328 — 868 
Other44 84 179 5 312 
Balance at March 31, 2025$12,303 $2,165 $6,095 $143 $20,706 
The table below shows write-offs of gross finance receivables by year of origination.
Three Months Ended March 31, 2026
Sales Type Lease ReceivablesLoan ReceivablesTotal
20262025202420232022Prior
Write-offs$43 $142 $236 $327 $202 $147 $1,385 $2,482 

Three Months Ended March 31, 2025
Sales Type Lease ReceivablesLoan ReceivablesTotal
20252024202320222021Prior
Write-offs$64 $124 $383 $518 $396 $237 $1,591 $3,313 
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.
March 31, 2026
Sales Type Lease ReceivablesLoan ReceivablesTotal
20262025202420232022Prior
Low$39,445 $141,695 $141,261 $138,020 $89,313 $140,451 $309,973 $1,000,158 
Medium7,755 26,359 26,621 24,317 15,603 23,508 34,087 158,250 
High941 3,969 4,774 4,023 2,870 3,873 7,297 27,747 
Not Scored28,797 33,723 25,350 15,473 9,081 5,823 17,129 135,376 
Total$76,938 $205,746 $198,006 $181,833 $116,867 $173,655 $368,486 $1,321,531 
December 31, 2025
Sales Type Lease ReceivablesLoan ReceivablesTotal
20252024202320222021Prior
Low$150,688 $153,596 $153,844 $106,037 $76,774 $76,956 $336,943 $1,054,838 
Medium27,793 28,927 27,310 18,950 12,719 12,754 29,701 158,154 
High2,798 2,974 2,555 2,076 1,214 1,451 4,998 18,066 
Not Scored49,845 32,817 23,710 12,157 4,531 2,057 15,356 140,473 
Total$231,124 $218,314 $207,419 $139,220 $95,238 $93,218 $386,998 $1,371,531 
Schedule of Sales-type Lease, Lease Income
Lease income from sales-type leases, excluding variable lease payments, was as follows:
Three Months Ended March 31,
20262025
Profit recognized at commencement$18,811 $19,760 
Interest income37,357 37,763 
Total lease income from sales-type leases$56,168 $57,523 
Schedule of Lessor, Payments to be Received Maturities of operating leases are as follows:
Remainder 2026$19,675 
202719,989 
20289,792 
20296,248 
20303,257 
Thereafter623 
Total$59,584