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Leases
6 Months Ended
Jun. 30, 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.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2025202420252024
Lease income — sales-type and direct financing leases:
    
Sales-type lease selling price$877 $367 $947 $480 
Less: Carrying value of underlying assets (1)
(152)(66)(182)(94)
Gross profit$725 $301 $765 $386 
Interest income on lease receivables54 69 115 138 
Total sales-type and direct financing lease income$779 $370 $881 $524 
Lease income — operating leases
11 16 21 34 
Variable lease income16 18 28 38 
Total lease income$806 $404 $930 $596 
(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.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2025202420252024
Lease income — sales-type and direct financing leases:
    
Sales-type lease selling price$877 $367 $947 $480 
Less: Carrying value of underlying assets (1)
(152)(66)(182)(94)
Gross profit$725 $301 $765 $386 
Interest income on lease receivables54 69 115 138 
Total sales-type and direct financing lease income$779 $370 $881 $524 
Lease income — operating leases
11 16 21 34 
Variable lease income16 18 28 38 
Total lease income$806 $404 $930 $596 
(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.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2025202420252024
Lease income — sales-type and direct financing leases:
    
Sales-type lease selling price$877 $367 $947 $480 
Less: Carrying value of underlying assets (1)
(152)(66)(182)(94)
Gross profit$725 $301 $765 $386 
Interest income on lease receivables54 69 115 138 
Total sales-type and direct financing lease income$779 $370 $881 $524 
Lease income — operating leases
11 16 21 34 
Variable lease income16 18 28 38 
Total lease income$806 $404 $930 $596 
(1)Excludes unguaranteed residual value.