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Equipment held for lease (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Summary of equipment held for lease

Equipment held for lease includes railcars, aircraft and other equipment, including over-the-road trailers, intermodal tank containers, cranes, storage units and furniture. Equipment held for lease is summarized below (in millions).

 

 

June 30,
2024

 

 

December 31,
2023

 

Railcars

$

10,148

 

 

$

10,031

 

Aircraft

 

13,340

 

 

 

12,537

 

Other

 

5,683

 

 

 

5,576

 

 

29,171

 

 

 

28,144

 

Accumulated depreciation

 

(11,753

)

 

 

(11,197

)

$

17,418

 

 

$

16,947

 

Summary of fixed and variable operating lease revenues Fixed and variable operating lease revenues for the second quarter and first six months of 2024 and 2023 are summarized below (in millions).

 

 

Second Quarter

 

 

First Six Months

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Fixed lease revenue

$

1,612

 

 

$

1,478

 

 

$

3,164

 

 

$

2,895

 

Variable lease revenue

 

696

 

 

 

601

 

 

 

1,366

 

 

 

1,228

 

 

$

2,308

 

 

$

2,079

 

 

$

4,530

 

 

$

4,123