Table:
July 27, 2019
July 28, 2018
Increase (Decrease)
Lease receivables, net
$2,326
$2,576
$(250)
Loan receivables, net .
5,367
4,939
428
Financed service contracts, net
2,360
2,316
44
Total, net
$10,053
$9,831
$222

text: Financing Receivables and Guarantees The following table summarizes our financing receivables (in millions):
text: Financing Receivables Our financing arrangements include leases, loans, and financed service contracts. Lease receivables include sales-type and direct-financing leases. Arrangements related to leases are generally collateralized by a security interest in the underlying assets. Our loan receivables include customer financing for purchases of our hardware, software and services and also may include additional funds for other costs associated with network installation and integration of our products and services. We also provide financing to certain qualified customers for long-term service contracts, which primarily relate to technical support services. The majority of the revenue from these financed service contracts is deferred and is recognized ratably over the period during which the services are performed. Financing receivables increased by 2%. We expect to continue to expand the use of our financing programs in the near term.
text: Financing Guarantees In the normal course of business, third parties may provide financing arrangements to our customers and channel partners under financing programs. The financing arrangements to customers provided by third parties are related to leases and loans and typically have terms of up to three years. In some cases, we provide guarantees to third parties for these lease and loan arrangements. The financing arrangements to channel partners consist of revolving short-term financing provided by third parties, generally with payment terms ranging from 60 to 90 days. In certain instances, these financing arrangements result in a transfer of our receivables to the third party. The receivables are derecognized upon transfer, as these transfers qualify as true sales, and we receive payments for the receivables from the third party based on our standard payment terms.
text: The volume of channel partner financing was $29.6 billion, $28.2 billion, and $27.0 billion in fiscal 2019, 2018, and 2017, respectively. These financing arrangements facilitate the working capital requirements of the channel partners, and in some cases, we guarantee a portion of these arrangements. The balance of the channel partner financing subject to guarantees was $1.4 billion and $1.0 billion as of July 27, 2019 and July 28, 2018, respectively. We could be called upon to make payments under these guarantees in the event of nonpayment by the channel partners or end-user customers. Historically, our payments under these arrangements have been immaterial. Where we provide a guarantee, we defer the revenue associated with the channel partner and end-user financing arrangement in accordance with revenue recognition policies, or we record a liability for the fair value of the guarantees. In either case, the deferred revenue is recognized as revenue when the guarantee is removed. As of July 27, 2019, the total maximum potential future payments related to these guarantees was approximately $218 million, of which approximately $77 million was recorded as deferred revenue.

Questions and answers:
question: What was the volume of channel partner financing in fiscal 2019?
answer: $29.6 billion
question: What do the company's financing arrangements include?
answer: leases, loans, and financed service contracts
question: What was the net lease receivables in 2019?
answer: 2,326
scale: million
question: What was the percentage change in net loan receivables between 2018 and 2019?
answer: 8.67
derivation: ((5,367-4,939)/4,939) * 100
scale: percent
question: How many years did net financed service contracts exceed $2,000 million?
answer: 2
derivation: 2019##2018
question: What was the percentage change in the net total between 2018 and 2019?
answer: 2.26
derivation: ((10,053-9,831)/9,831) * 100
scale: percent