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LEASES (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Components of Revenue from Leases
The components of lease income were as follows:
Three months ended June 30,Six months ended June 30,
(In millions)2024202320242023
Operating leases
Lease income related to ChoiceLease$359 $368 $740 $728 
Lease income related to commercial rental (1)
$233 $287 $452 $575 
Sales-type leases
Interest income related to net investment in leases$19 $11 $36 $26 
Variable lease income excluding commercial rental (1)
$99 $70 $171 $142 
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(1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% of total commercial rental income based on management's internal estimates.
Schedule of Components of Net Investment in Leases
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 millions)June 30, 2024December 31, 2023
Net investment in the lease — lease payment receivable$768 $723 
Net investment in the lease — unguaranteed residual value in assets47 43 
815 766 
Estimated loss allowance(3)(4)
Total$812 $762