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LEASES
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
LEASES LEASES
The components of revenue from leases were as follows:
Three months ended March 31,
(In millions)20252024
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..

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, 2025December 31, 2024
Net investment in the lease — lease payment receivable$848 $818 
Net investment in the lease — unguaranteed residual value in assets51 49 
899 867 
Estimated loss allowance(4)(5)
Total$895 $862 
LEASES LEASES
The components of revenue from leases were as follows:
Three months ended March 31,
(In millions)20252024
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..

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, 2025December 31, 2024
Net investment in the lease — lease payment receivable$848 $818 
Net investment in the lease — unguaranteed residual value in assets51 49 
899 867 
Estimated loss allowance(4)(5)
Total$895 $862