v3.26.1
Finance Assets and Lessor Operating Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Financing Receivables
Finance receivables consisted of the following:
June 30, 2026December 31, 2025
North AmericaInternationalTotalNorth AmericaInternationalTotal
Sales-type lease receivables      
Gross finance receivables$831,762 $98,393 $930,155 $870,453 $114,080 $984,533 
Unguaranteed residual values31,953 5,271 37,224 33,047 6,063 39,110 
Unearned income(256,648)(28,665)(285,313)(255,754)(34,736)(290,490)
Allowance for credit losses(9,169)(1,736)(10,905)(10,281)(1,947)(12,228)
Net investment in sales-type lease receivables597,898 73,263 671,161 637,465 83,460 720,925 
Loan receivables     
Loan receivables351,011 3,073 354,084 384,846 2,152 386,998 
Allowance for credit losses(5,924)(17)(5,941)(6,334)(14)(6,348)
Net investment in loan receivables345,087 3,056 348,143 378,512 2,138 380,650 
Net investment in finance receivables$942,985 $76,319 $1,019,304 $1,015,977 $85,598 $1,101,575 
Schedule of Sales-type Lease Maturity
Maturities of gross finance receivables at June 30, 2026 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
Remainder 2026$174,324 $29,870 $204,194 $189,037 $3,073 $192,110 
2027289,416 31,336 320,752 68,294 — 68,294 
2028195,250 20,106 215,356 50,017 — 50,017 
2029111,242 10,742 121,984 31,061 — 31,061 
203051,543 4,888 56,431 10,948 — 10,948 
Thereafter9,987 1,451 11,438 1,654 — 1,654 
Total$831,762 $98,393 $930,155 $351,011 $3,073 $354,084 
Schedule of Loan Receivable Maturity
Maturities of gross finance receivables at June 30, 2026 were as follows:
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalTotalNorth AmericaInternationalTotal
Remainder 2026$174,324 $29,870 $204,194 $189,037 $3,073 $192,110 
2027289,416 31,336 320,752 68,294 — 68,294 
2028195,250 20,106 215,356 50,017 — 50,017 
2029111,242 10,742 121,984 31,061 — 31,061 
203051,543 4,888 56,431 10,948 — 10,948 
Thereafter9,987 1,451 11,438 1,654 — 1,654 
Total$831,762 $98,393 $930,155 $351,011 $3,073 $354,084 
Schedule of Past Due Financing Receivables
The aging of gross finance receivables was as follows:
June 30, 2026
Sales-type Lease ReceivablesLoan Receivables
North AmericaInternationalNorth AmericaInternationalTotal
Past due amounts 0 - 90 days$823,840 $97,533 $347,458 $2,695 $1,271,526 
Past due amounts > 90 days7,922 860 3,553 378 12,713 
Total$831,762 $98,393 $351,011 $3,073 $1,284,239 

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(424)(29)2,846 (5)2,388 
Write-offs(1,985)(235)(3,690)(17)(5,927)
Recoveries1,314 79 437 — 1,830 
Other(17)(26)(3)25 (21)
Balance at June 30, 2026$9,169 $1,736 $5,924 $17 $16,846 
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 expense618 (149)1,752 108 2,329 
Write-offs (2,940)(432)(2,744)(107)(6,223)
Recoveries1,122 75 447 — 1,644 
Other90 245 7 18 360 
Balance at June 30, 2025$11,549 $2,063 $6,011 $163 $19,786 
The table below shows write-offs of gross finance receivables by year of origination.
Six Months Ended June 30, 2026
Sales Type Lease ReceivablesLoan ReceivablesTotal
20262025202420232022Prior
Write-offs$155 $366 $403 $632 $385 $279 $3,707 $5,927 

Six Months Ended June 30, 2025
Sales Type Lease ReceivablesLoan ReceivablesTotal
20252024202320222021Prior
Write-offs$459 $373 $696 $890 $595 $359 $2,851 $6,223 
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.
June 30, 2026
Sales Type Lease ReceivablesLoan ReceivablesTotal
20262025202420232022Prior
Low$72,382 $135,203 $133,151 $126,609 $77,626 $132,836 $309,757 $987,564 
Medium13,791 24,985 24,574 21,273 14,120 20,247 24,372 143,362 
High3,576 4,200 4,559 3,894 2,913 3,421 6,842 29,405 
Not Scored29,492 25,865 21,379 15,190 11,501 7,368 13,113 123,908 
Total$119,241 $190,253 $183,663 $166,966 $106,160 $163,872 $354,084 $1,284,239 
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 June 30,Six Months Ended June 30,
2026202520262025
Profit recognized at commencement$24,328 $18,062 $43,066 $37,818 
Interest income37,206 38,237 74,563 76,000 
Total lease income from sales-type leases$61,534 $56,299 $117,629 $113,818 
Schedule of Lessor, Payments to be Received Maturities of operating leases are as follows:
Remainder 2026$12,369 
202722,351 
202810,979 
20297,327 
20303,825 
Thereafter1,176 
Total$58,027