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LEASES (Tables) | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Schedule of Components of Revenue from Leases | The components of revenue from leases were as follows:
|  |  | Three months ended March 31,
(In millions) |  |  | 2025 |  | 2024
Operating leases |  |  |  |  |
Lease income related to ChoiceLease |  |  | $ | 391 |  |  | $ | 381 |
Lease income related to commercial rental (1) |  |  | $ | 203 |  |  | $ | 219 |
Sales-type leases |  |  |  |  |
Interest income related to net investment in leases |  |  | $ | 22 |  |  | $ | 17 |
Variable lease income excluding commercial rental (1) |  |  | $ | 77 |  |  | $ | 72 |
———————————— (1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 14% 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) |  | March 31, 2025 |  | December 31, 2024 |  |
Net investment in the lease — lease payment receivable |  | $ | 848 |  |  | $ | 818 |  |  |
Net investment in the lease — unguaranteed residual value in assets |  | 51 |  |  | 49 |  |  |
|  | 899 |  |  | 867 |  |  |
Estimated loss allowance |  | (4) |  |  | (5) |  |  |
Total |  | $ | 895 |  |  | $ | 862 |  |  |

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