Equipment held for lease (Tables)

12 Months Ended

Dec. 31, 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).

	December 31,
	2023			2022
Railcars	$	10,031		$	9,612
Aircraft		12,537			10,667
Other		5,576			5,212
		28,144			25,491
Accumulated depreciation		(11,197	)		(9,907	)
	$	16,947		$	15,584

Summary of fixed and variable operating lease revenues

Fixed and variable operating lease revenues for each of the three years ending December 31, 2023 are summarized below (in millions).

	2023		2022		2021
Fixed lease revenue	$	5,902	$	5,184	$	4,482
Variable lease revenue		2,514		2,330		1,506
	$	8,416	$	7,514	$	5,988

Summary of remaining operating lease receipts

A summary of future operating lease receipts as of December 31, 2023 follows (in millions).

2024		2025		2026		2027		2028		Thereafter		Total
$	3,942	$	3,077	$	2,346	$	1,569	$	771	$	283	$	11,988