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LEASES (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Schedule of Lease Income - Operating
The components of lease income were as follows:
Three months ended September 30,Nine months ended September 30,
 2021202020212020
 (In thousands)
Operating leases
Lease income related to ChoiceLease$383,669 $387,867 $1,159,930 $1,173,094 
Lease income related to commercial rental (1)
287,612 208,489 752,994 565,404 
Sales-type leases
Interest income related to net investment in leases$10,925 $12,836 $36,380 $36,560 
Variable lease income excluding commercial rental (1)
$75,621 $73,740 $219,743 $198,129 
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(1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% to 25% of total commercial rental income based on management's internal estimates.
Schedule of Lease Income - Sales Type
The components of net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Condensed Consolidated Balance Sheets, were as follows:
September 30, 2021December 31, 2020
 (In thousands)
Net investment in the lease — lease payment receivable$579,556 $589,120 
Net investment in the lease — unguaranteed residual value in assets45,887 44,704 
625,443 633,824 
Estimated loss allowance(4,025)(4,025)
Total$621,418 $629,799