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Leases
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Leases Leases:
Accounting for Leases as a Lessor
The following table presents amounts included in the Consolidated Income Statement related to lessor activity.
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in millions)2023202220232022
Lease income sales-type and direct financing leases:
    
Sales-type lease selling price$190 $99 $528 $888 
Less: Carrying value of underlying assets*(42)(57)(133)(195)
Gross profit$148 $43 $395 $693 
Interest income on lease receivables58 54 176 144 
Total sales-type and direct financing lease income$206 $97 $571 $838 
Lease income operating leases
20 29 71 86 
Variable lease income12 19 47 75 
Total lease income$238 $145 $689 $998 
*Excludes unguaranteed residual value.
Leases Leases:
Accounting for Leases as a Lessor
The following table presents amounts included in the Consolidated Income Statement related to lessor activity.
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in millions)2023202220232022
Lease income sales-type and direct financing leases:
    
Sales-type lease selling price$190 $99 $528 $888 
Less: Carrying value of underlying assets*(42)(57)(133)(195)
Gross profit$148 $43 $395 $693 
Interest income on lease receivables58 54 176 144 
Total sales-type and direct financing lease income$206 $97 $571 $838 
Lease income operating leases
20 29 71 86 
Variable lease income12 19 47 75 
Total lease income$238 $145 $689 $998 
*Excludes unguaranteed residual value.