Receivables [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Receivables [Abstract] | |
Financing Receivables | Finance receivables at December 31, 2016 and 2015 consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2016 | | December 31, 2015 | | North America | | International | | Total | | North America | | International | | Total | Sales-type lease receivables | |
| | |
| | |
| | | | | | | Gross finance receivables | $ | 1,088,053 |
| | $ | 273,262 |
| | $ | 1,361,315 |
| | $ | 1,157,189 |
| | $ | 303,854 |
| | $ | 1,461,043 |
| Unguaranteed residual values | 90,190 |
| | 13,655 |
| | 103,845 |
| | 100,000 |
| | 15,709 |
| | 115,709 |
| Unearned income | (223,908 | ) | | (60,458 | ) | | (284,366 | ) | | (247,854 | ) | | (68,965 | ) | | (316,819 | ) | Allowance for credit losses | (8,247 | ) | | (2,647 | ) | | (10,894 | ) | | (6,606 | ) | | (3,542 | ) | | (10,148 | ) | Net investment in sales-type lease receivables | 946,088 |
| | 223,812 |
| | 1,169,900 |
| | 1,002,729 |
| | 247,056 |
| | 1,249,785 |
| Loan receivables | |
| | |
| | |
| | |
| | |
| | |
| Loan receivables | 374,147 |
| | 32,716 |
| | 406,863 |
| | 399,193 |
| | 41,604 |
| | 440,797 |
| Allowance for credit losses | (8,517 | ) | | (1,089 | ) | | (9,606 | ) | | (10,024 | ) | | (1,518 | ) | | (11,542 | ) | Net investment in loan receivables | 365,630 |
| | 31,627 |
| | 397,257 |
| | 389,169 |
| | 40,086 |
| | 429,255 |
| Net investment in finance receivables | $ | 1,311,718 |
| | $ | 255,439 |
| | $ | 1,567,157 |
| | $ | 1,391,898 |
| | $ | 287,142 |
| | $ | 1,679,040 |
|
|
Schedule of Financing Receivables, Minimum Payments | Maturities of gross sales-type lease finance receivables at December 31, 2016 were as follows: | | | | | | | | | | | | | | Sales-type Lease Receivables | | North America | | International | | Total | 2017 | $ | 545,429 |
| | $ | 113,195 |
| | $ | 658,624 |
| 2018 | 279,843 |
| | 66,992 |
| | 346,835 |
| 2019 | 164,616 |
| | 45,895 |
| | 210,511 |
| 2020 | 74,556 |
| | 28,609 |
| | 103,165 |
| 2021 | 19,211 |
| | 15,719 |
| | 34,930 |
| Thereafter | 4,398 |
| | 2,852 |
| | 7,250 |
| Total | $ | 1,088,053 |
| | $ | 273,262 |
| | $ | 1,361,315 |
|
|
Allowance For Credit Losses On Financing Receivables | Activity in the allowance for credit losses for the years ended December 31, 2016, 2015 and 2014 was as follows: | | | | | | | | | | | | | | | | | | | | | | Sales-type Lease Receivables | | Loan Receivables | | | | North America | | International | | North America | | International | | Total | Balance at December 31, 2013 | $ | 14,165 |
| | $ | 9,703 |
| | $ | 11,165 |
| | $ | 1,916 |
| | $ | 36,949 |
| Amounts charged to expense | 4,346 |
| | 866 |
| | 10,237 |
| | 1,626 |
| | 17,075 |
| Accounts written off | (8,386 | ) | | (5,546 | ) | | (10,334 | ) | | (1,754 | ) | | (26,020 | ) | Balance at December 31, 2014 | 10,125 |
| | 5,023 |
| | 11,068 |
| | 1,788 |
| | 28,004 |
| Amounts charged to expense | 1,189 |
| | 890 |
| | 8,286 |
| | 1,023 |
| | 11,388 |
| Accounts written off | (4,708 | ) | | (2,371 | ) | | (9,330 | ) | | (1,293 | ) | | (17,702 | ) | Balance at December 31, 2015 | 6,606 |
| | 3,542 |
| | 10,024 |
| | 1,518 |
| | 21,690 |
| Amounts charged to expense | 5,136 |
| | 1,161 |
| | 6,238 |
| | 836 |
| | 13,371 |
| Accounts written off | (3,495 | ) | | (2,056 | ) | | (7,745 | ) | | (1,265 | ) | | (14,561 | ) | Balance at December 31, 2016 | $ | 8,247 |
| | $ | 2,647 |
| | $ | 8,517 |
| | $ | 1,089 |
| | $ | 20,500 |
|
|
Past Due Financing Receivables | The aging of finance receivables at December 31, 2016 and 2015 was as follows: | | | | | | | | | | | | | | | | | | | | | | Sales-type Lease Receivables | | Loan Receivables | | | | North America | | International | | North America | | International | | Total | December 31, 2016 | |
| | |
| | |
| | |
| | |
| 1 - 90 days | $ | 1,025,313 |
| | $ | 269,247 |
| | $ | 369,773 |
| | $ | 32,420 |
| | $ | 1,696,753 |
| > 90 days | 62,740 |
| | 4,015 |
| | 4,374 |
| | 296 |
| | 71,425 |
| Total | $ | 1,088,053 |
| | $ | 273,262 |
| | $ | 374,147 |
| | $ | 32,716 |
| | $ | 1,768,178 |
| Past due amounts > 90 days | |
| | |
| | |
| | |
| | |
| Still accruing interest | $ | 8,831 |
| | $ | 972 |
| | $ | — |
| | $ | — |
| | $ | 9,803 |
| Not accruing interest | 53,909 |
| | 3,043 |
| | 4,374 |
| | 296 |
| | 61,622 |
| Total | $ | 62,740 |
| | $ | 4,015 |
| | $ | 4,374 |
| | $ | 296 |
| | $ | 71,425 |
|
As of December 31, 2016, we had North American sales-type lease receivables aged greater than 90 days with a full contract value of $63 million. As of February 15, 2017, we have received payments with a contract value of $31 million related to these receivables. | | | | | | | | | | | | | | | | | | | | | | Sales-type Lease Receivables | | Loan Receivables | | | | North America | | International | | North America | | International | | Total | December 31, 2015 | |
| | |
| | |
| | |
| | |
| 1 - 90 days | $ | 1,138,031 |
| | $ | 298,772 |
| | $ | 395,573 |
| | $ | 41,117 |
| | $ | 1,873,493 |
| > 90 days | 19,158 |
| | 5,082 |
| | 3,620 |
| | 487 |
| | 28,347 |
| Total | $ | 1,157,189 |
| | $ | 303,854 |
| | $ | 399,193 |
| | $ | 41,604 |
| | $ | 1,901,840 |
| Past due amounts > 90 days | |
| | |
| | |
| | |
| | |
| Still accruing interest | $ | 5,041 |
| | $ | 1,617 |
| | $ | — |
| | $ | — |
| | $ | 6,658 |
| Not accruing interest | 14,117 |
| | 3,465 |
| | 3,620 |
| | 487 |
| | 21,689 |
| Total | $ | 19,158 |
| | $ | 5,082 |
| | $ | 3,620 |
| | $ | 487 |
| | $ | 28,347 |
|
|
Financing Receivable Credit Quality Indicators | The table below shows the North America portfolio at December 31, 2016 and 2015 by relative risk class (low, medium, high) based on the relative scores of the accounts within each class. The relative scores are determined based on a number of factors, including the company type, ownership structure, payment history and financial information. A fourth class is shown for accounts that are not scored. Absence of a score is not indicative of the credit quality of the account. The degree of risk, as defined by the third party, refers to the relative risk that an account in the next 12 month period may become delinquent. | | • | Low risk accounts are companies with very good credit scores and are considered to approximate the top 30% of all commercial borrowers. |
| | • | Medium risk accounts are companies with average to good credit scores and are considered to approximate the middle 40% of all commercial borrowers. |
| | • | High risk accounts are companies with poor credit scores, are delinquent or are at risk of becoming delinquent and are considered to approximate the bottom 30% of all commercial borrowers. |
| | | | | | | | | | December 31, | | 2016 | | 2015 | Sales-type lease receivables | |
| | |
| Low | $ | 879,823 |
| | $ | 886,198 |
| Medium | 135,953 |
| | 192,645 |
| High | 22,600 |
| | 37,573 |
| Not Scored | 49,677 |
| | 40,773 |
| Total | $ | 1,088,053 |
| | $ | 1,157,189 |
| Loan receivables | |
| | |
| Low | $ | 296,598 |
| | $ | 295,725 |
| Medium | 53,647 |
| | 85,671 |
| High | 7,216 |
| | 10,810 |
| Not Scored | 16,686 |
| | 6,987 |
| Total | $ | 374,147 |
| | $ | 399,193 |
|
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