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LEASES
 9 Months Ended
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, 2025December 31, 2024
Net investment in the lease — lease payment receivable$868 $818 
Net investment in the lease — unguaranteed residual value in assets54 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, 2025December 31, 2024
Net investment in the lease — lease payment receivable$868 $818 
Net investment in the lease — unguaranteed residual value in assets54 49 
922 867 
Estimated loss allowance(5)(5)
Total$917 $862