Equipment held for lease (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024			December 31, 2023
Railcars	$	10,226		$	10,031
Aircraft		13,886			12,537
Other		5,751			5,576
		29,863			28,144
Accumulated depreciation		(12,067	)		(11,197	)
	$	17,796		$	16,947

Summary of operating lease revenues

Operating lease revenues for the third quarter and first nine months of 2024 and 2023 are summarized below (in millions).

	Third Quarter				First Nine Months
	2024		2023		2024		2023
Fixed lease revenue	$	1,637	$	1,502	$	4,801	$	4,397
Variable lease revenue		678		602		2,044		1,830
	$	2,315	$	2,104	$	6,845	$	6,227