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LEASES | 9 Months Ended
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Sep. 30, 2025
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) |  | 2025 |  | 2024 (1) |  | 2025 |  | 2024 (1)
Operating leases |  |  |  |  |  |  |  |
Lease income related to ChoiceLease |  | $ | 403 |  |  | $ | 377 |  |  | $ | 1,201 |  |  | $ | 1,155 |
Lease income related to commercial rental (2) |  | $ | 229 |  |  | $ | 240 |  |  | $ | 659 |  |  | $ | 691 |
Sales-type leases |  |  |  |  |  |  |  |
Interest income related to net investment in leases |  | $ | 22 |  |  | $ | 18 |  |  | $ | 67 |  |  | $ | 54 |
Variable lease income excluding commercial rental (2) |  | $ | 68 |  |  | $ | 81 |  |  | $ | 207 |  |  | $ | 214 |
———————————— (1)Certain prior period amounts were reclassified to conform to current year presentation. (2)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, 2025 |  | December 31, 2024 |  |
Net investment in the lease — lease payment receivable |  | $ | 868 |  |  | $ | 818 |  |  |
Net investment in the lease — unguaranteed residual value in assets |  | 54 |  |  | 49 |  |  |
|  | 922 |  |  | 867 |  |  |
Estimated loss allowance |  | (5) |  |  | (5) |  |  |
Total |  | $ | 917 |  |  | $ | 862 |  |  |
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) |  | 2025 |  | 2024 (1) |  | 2025 |  | 2024 (1)
Operating leases |  |  |  |  |  |  |  |
Lease income related to ChoiceLease |  | $ | 403 |  |  | $ | 377 |  |  | $ | 1,201 |  |  | $ | 1,155 |
Lease income related to commercial rental (2) |  | $ | 229 |  |  | $ | 240 |  |  | $ | 659 |  |  | $ | 691 |
Sales-type leases |  |  |  |  |  |  |  |
Interest income related to net investment in leases |  | $ | 22 |  |  | $ | 18 |  |  | $ | 67 |  |  | $ | 54 |
Variable lease income excluding commercial rental (2) |  | $ | 68 |  |  | $ | 81 |  |  | $ | 207 |  |  | $ | 214 |
———————————— (1)Certain prior period amounts were reclassified to conform to current year presentation. (2)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, 2025 |  | December 31, 2024 |  |
Net investment in the lease — lease payment receivable |  | $ | 868 |  |  | $ | 818 |  |  |
Net investment in the lease — unguaranteed residual value in assets |  | 54 |  |  | 49 |  |  |
|  | 922 |  |  | 867 |  |  |
Estimated loss allowance |  | (5) |  |  | (5) |  |  |
Total |  | $ | 917 |  |  | $ | 862 |  |  |

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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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