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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Schedule of Lease Income - Operating | The components of lease income were as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
(In thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Operating leases |  |  |  |  |  |  |  |
Lease income related to ChoiceLease |  | $ | 378,837 |  |  | $ | 386,650 |  |  | $ | 760,382 |  |  | $ | 776,261 |
Lease income related to commercial rental (1) |  | 325,134 |  |  | 255,098 |  |  | 623,269 |  |  | 465,382 |
Sales-type leases |  |  |  |  |  |  |  |
Interest income related to net investment in leases |  | $ | 10,227 |  |  | $ | 11,040 |  |  | $ | 20,955 |  |  | $ | 25,455 |
Variable lease income excluding commercial rental (1) |  | $ | 71,122 |  |  | $ | 72,129 |  |  | $ | 145,342 |  |  | $ | 144,122 |
———————————— (1)Lease income related to commercial rental includes both fixed and variable lease income. Variable 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:
(In thousands) |  | June 30, 2022 |  | December 31, 2021 |  |
Net investment in the lease — lease payment receivable |  | $ | 521,196 |  |  | $ | 583,008 |  |  |
Net investment in the lease — unguaranteed residual value in assets |  | 35,390 |  |  | 46,740 |  |  |
|  | 556,586 |  |  | 629,748 |  |  |
Estimated loss allowance |  | (2,855) |  |  | (3,705) |  |  |
Total |  | $ | 553,731 |  |  | $ | 626,043 |  |  |

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