Equipment held for lease (Tables)

12 Months Ended

Dec. 31, 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).

	December 31,
	2024			2023
Railcars	$	10,137		$	10,031
Aircraft		14,201			12,537
Other		5,686			5,576
		30,024			28,144
Accumulated depreciation		(12,196	)		(11,197	)
	$	17,828		$	16,947

Summary of fixed and variable operating lease revenues

Operating lease revenues for each of the three years ending December 31, 2024 are summarized below (in millions).

	2024		2023		2022
Fixed lease revenue	$	6,456	$	5,902	$	5,184
Variable lease revenue		2,771		2,514		2,330
	$	9,227	$	8,416	$	7,514

Summary of remaining operating lease receipts

A summary of future operating lease receipts as of December 31, 2024 follows (in millions).

2025		2026		2027		2028		2029		Thereafter		Total
$	4,263	$	3,455	$	2,596	$	1,724	$	769	$	339	$	13,146