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LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Lease Income - Operating
The components of revenue from leases were as follows:
 Years ended December 31,
 202120202019
 (In thousands)
Operating leases
Lease income related to ChoiceLease$1,537,901 $1,565,579 $1,505,913 
Lease income related to commercial rental (1)
1,061,821 791,631 952,560 
 
Sales-type leases
Interest income related to net investment in leases$47,613 $49,244 $46,801 
 
Variable lease income excluding commercial rental (1)
$311,857 $289,165 $272,065 
_______________ 
(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.
Schedule of Lease Income - Sales Type The components of the net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Consolidated Balance Sheets, were as follows:
 December 31,
 20212020
 (In thousands)
Net investment in the lease - lease payment receivable$583,008 $589,120 
Net investment in the lease - unguaranteed residual value in assets46,740 44,704 
629,748 633,824 
Estimated loss allowance(3,705)(4,025)
Total$626,043 $629,799 
Schedule of Maturity of Sales-Type Lease Receivable
Maturities of sales-type lease receivables as of December 31, 2021 were as follows:
Years ending December 31 (In thousands)
2022$188,506 
2023153,803 
2024126,930 
202595,783 
202668,369 
Thereafter75,772 
Total undiscounted cash flows709,163 
Present value of lease payments (recognized as lease receivables)(583,008)
Difference between undiscounted cash flows and discounted cash flows$126,155 
Schedule of Maturity of Operating Lease Payments
Operating lease payments expected to be received as of December 31, 2021 were as follows:
Years ending December 31(In thousands)
2022$1,206,632 
2023869,800 
2024623,388 
2025401,577 
2026217,887 
Thereafter135,171 
Total undiscounted cash flows$3,454,455 
Schedule of Lease Cost, Lease Term, and Discount Rate The components of lease expense were as follows:
 Years ended December 31,
 202120202019
 (In thousands)
Finance lease cost
Amortization of right-of-use-assets$14,085 $13,295 $13,671 
Interest on lease liabilities1,926 2,344 2,565 
Operating lease cost98,363 92,227 94,039 
Short-term lease and other9,077 8,432 10,963 
Variable lease cost16,299 13,325 12,459 
Sublease income(27,081)(27,223)(22,385)
Total lease cost$112,669 $102,400 $111,312 
 December 31,
 20212020
Weighted-average remaining lease term
Operating5 years4 years
Finance4 years6 years
Weighted-average discount rate
Operating2.7 %3.3 %
Finance4.4 %5.6 %
Schedule of Leases, Assets and Liabilities
Supplemental balance sheet information related to leases was as follows:
 December 31,
 2021
2020
 Operating LeaseFinance LeaseOperating LeaseFinance Lease
(In thousands)
Noncurrent assets (1)
$341,125 $40,388 $255,964 $39,571 
Current liabilities (2)
100,232 13,163 78,785 13,282 
Noncurrent liabilities (3)
255,573 31,432 186,429 35,136 
_______________
(1)Operating lease right-of-use assets are included in "Sales-type leases and other assets" and finance lease assets are included in "Other property and equipment, net" and "Revenue earning equipment, net".
(2)Current operating lease liabilities are included in "Accrued expenses and other current liabilities" and current finance leases liabilities are included in "Short-term debt and current portion of long-term debt".
(3)Noncurrent operating lease liabilities are included in "Other non-current liabilities" and noncurrent finance lease liabilities are included in "Long-term debt".
Schedule of Operating Lease Maturities Maturities of operating and finance lease liabilities were as follows:
 OperatingFinance 
 LeasesLeasesTotal
Years ending December 31(In thousands)
2022$108,380 $14,921 $123,301 
202388,760 12,039 100,799 
202463,455 9,072 72,527 
202545,004 5,773 50,777 
202625,746 3,040 28,786 
Thereafter46,360 4,817 51,177 
Total lease payments377,705 49,661 427,367 
Less: Imputed Interest(21,900)(5,066)(26,966)
Present value of lease liabilities$355,805 $44,595 $400,401 
Schedule of Finance Lease Maturities Maturities of operating and finance lease liabilities were as follows:
 OperatingFinance 
 LeasesLeasesTotal
Years ending December 31(In thousands)
2022$108,380 $14,921 $123,301 
202388,760 12,039 100,799 
202463,455 9,072 72,527 
202545,004 5,773 50,777 
202625,746 3,040 28,786 
Thereafter46,360 4,817 51,177 
Total lease payments377,705 49,661 427,367 
Less: Imputed Interest(21,900)(5,066)(26,966)
Present value of lease liabilities$355,805 $44,595 $400,401