Three Months Ended June 30,

Six Months Ended June 30,

(Dollars in millions)

2020

2019

2020

2019

Lease income — sales-type and direct financing leases

Sales-type lease selling price

$

368

$

179

$

579

$

328

Less: Carrying value of underlying assets*

117

74

194

129

Gross profit

$

251

$

105

$

385

$

199

Interest income on lease receivables

65

73

139

151

Total sales-type and direct financing lease income

$

316

$

178

$

524

$

350

Lease income — operating leases

68

82

139

172

Variable lease income

27

9

58

27

Total lease income

$

411

$

269

$

721

$

548