Equipment held for lease (Tables)

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Summary of equipment held for lease

Equipment held for lease includes railcars, aircraft and other equipment, including over-the-road trailers, intermodal tank containers, cranes, storage units and furniture. Equipment held for lease is summarized below (in millions).

	September 30, 2023			December 31, 2022
Railcars	$	9,912		$	9,612
Aircraft		11,840			10,667
Other		5,430			5,212
		27,182			25,491
Accumulated depreciation		(10,898	)		(9,907	)
	$	16,284		$	15,584

Summary of fixed and variable operating lease revenues

Fixed and variable operating lease revenues for the third quarter and first nine months of 2023 and 2022 are summarized below (in millions).

	Third Quarter				First Nine Months
	2023		2022		2023		2022
Fixed lease revenue	$	1,502	$	1,344	$	4,397	$	3,796
Variable lease revenue		602		615		1,830		1,722
	$	2,104	$	1,959	$	6,227	$	5,518