Three Months Ended September 30,

Nine Months Ended September 30,

(Dollars in millions)

2020

2019

2020

2019

Lease income – sales-type and direct financing leases

Sales-type lease selling price

$

154

$

188

$

733

$

516

Less: Carrying value of underlying assets*

64

75

258

204

Gross profit

$

90

$

113

$

475

$

312

Interest income on lease receivables

56

71

195

222

Total sales-type and direct financing lease income

$

145

$

184

$

670

$

534

Lease income – operating leases

65

80

204

252

Variable lease income

25

12

82

38

Total lease income

$

235

$

276

$

956

$

824