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LEASES
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
LEASES LEASES
Leases as Lessor
The components of lease income were as follows:
Three months ended September 30,Nine months ended September 30,
(In millions)2024202320242023
Operating leases
Lease income related to ChoiceLease$362 $375 $1,102 $1,103 
Lease income related to commercial rental (1)
$240 $281 $691 $856 
Sales-type leases
Interest income related to net investment in leases$18 $14 $54 $40 
Variable lease income excluding commercial rental (1)
$96 $74 $267 $216 
————————————
(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.

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)September 30, 2024December 31, 2023
Net investment in the lease — lease payment receivable$785 $723 
Net investment in the lease — unguaranteed residual value in assets48 43 
833 766 
Estimated loss allowance(3)(4)
Total$830 $762 
LEASES LEASES
Leases as Lessor
The components of lease income were as follows:
Three months ended September 30,Nine months ended September 30,
(In millions)2024202320242023
Operating leases
Lease income related to ChoiceLease$362 $375 $1,102 $1,103 
Lease income related to commercial rental (1)
$240 $281 $691 $856 
Sales-type leases
Interest income related to net investment in leases$18 $14 $54 $40 
Variable lease income excluding commercial rental (1)
$96 $74 $267 $216 
————————————
(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.

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)September 30, 2024December 31, 2023
Net investment in the lease — lease payment receivable$785 $723 
Net investment in the lease — unguaranteed residual value in assets48 43 
833 766 
Estimated loss allowance(3)(4)
Total$830 $762