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Leases
 3 Months Ended
Mar. 31, 2025
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.
(Dollars in millions)
For the three months ended March 31:20252024
Lease income — sales-type and direct financing leases:
  
Sales-type lease selling price$70 $113 
Less: Carrying value of underlying assets (1)
(30)(28)
Gross profit$41 $85 
Interest income on lease receivables61 69 
Total sales-type and direct financing lease income$101 $154 
Lease income — operating leases
11 18 
Variable lease income12 20 
Total lease income$124 $192 
(1)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.
(Dollars in millions)
For the three months ended March 31:20252024
Lease income — sales-type and direct financing leases:
  
Sales-type lease selling price$70 $113 
Less: Carrying value of underlying assets (1)
(30)(28)
Gross profit$41 $85 
Interest income on lease receivables61 69 
Total sales-type and direct financing lease income$101 $154 
Lease income — operating leases
11 18 
Variable lease income12 20 
Total lease income$124 $192 
(1)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.
(Dollars in millions)
For the three months ended March 31:20252024
Lease income — sales-type and direct financing leases:
  
Sales-type lease selling price$70 $113 
Less: Carrying value of underlying assets (1)
(30)(28)
Gross profit$41 $85 
Interest income on lease receivables61 69 
Total sales-type and direct financing lease income$101 $154 
Lease income — operating leases
11 18 
Variable lease income12 20 
Total lease income$124 $192 
(1)Excludes unguaranteed residual value.