v2.4.1.9
Leasing Arrangements (Tables)
12 Months Ended
Dec. 31, 2014
Finance Lease Receivables Included in Prepaid Expenses and Other and Other Assets

Finance lease receivables, which are included in Prepaid expenses and other and Other assets in our consolidated balance sheets, are comprised of the following:

 

                       (dollars in millions)  
At December 31,                  2014                   2013  
     Leveraged
Leases
    Direct
Finance
Leases
    Total     Leveraged
Leases
   

Direct

Finance

Leases

    Total  
  

 

 

 

Minimum lease payments receivable

   $ 1,095      $ 8      $   1,103      $ 1,069      $ 16      $   1,085   

Estimated residual value

     600        2        602        780        5        785   

Unearned income

     (535     (2     (537     (589     (4     (593
  

 

 

 

Total

   $ 1,160      $ 8      $ 1,168      $ 1,260      $ 17      $ 1,277   
  

 

 

     

 

 

   

Allowance for doubtful accounts

         (78         (90
    

 

 

       

 

 

 

Finance lease receivables, net

       $ 1,090          $ 1,187   
    

 

 

       

 

 

 

Prepaid expenses and other

       $ 4          $ 5   

Other assets

         1,086            1,182   
    

 

 

       

 

 

 
       $ 1,090          $ 1,187   
    

 

 

       

 

 

 
Schedule of Future Minimum Lease Payments Received from Capital Leases

The future minimum lease payments to be received from noncancelable capital leases (direct financing and leveraged leases), net of nonrecourse loan payments related to leveraged leases and allowances for doubtful accounts, along with expected receipts relating to operating leases for the periods shown at December 31, 2014, are as follows:

 

     (dollars in millions)  
Years    Capital Leases      Operating Leases  

2015

   $ 46       $ 196   

2016

     115         168   

2017

     39         76   

2018

     57         51   

2019

     44         19   

Thereafter

     802         20   
  

 

 

 

Total

   $ 1,103       $ 530   
  

 

 

 
Amortization of Capital Leases

Capital lease amounts included in Plant, property and equipment are as follows:

 

     (dollars in millions)  
At December 31,                       2014                         2013  

Capital leases

   $ 319       $ 353   

Less accumulated amortization

     171         188   
  

 

 

 

Total

   $ 148       $ 165   
  

 

 

 
Schedule of Aggregate Minimum Rental Commitments under Noncancelable Leases

The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2014, are as follows:

 

     (dollars in millions)  
Years    Capital Leases      Operating Leases  

2015

   $ 181       $ 2,499   

2016

     137         2,245   

2017

     113         1,960   

2018

     68         1,660   

2019

     39         1,369   

Thereafter

     60         4,670   
  

 

 

 

Total minimum rental commitments

     598       $ 14,403   
     

 

 

 

Less interest and executory costs

     82      
  

 

 

    

Present value of minimum lease payments

     516      

Less current installments

     158      
  

 

 

    
Long-term obligation at December 31, 2014    $ 358