Three Months Ended June 30,

Six Months Ended June 30,

(Dollars in millions)

2021

2020

2021

2020

Lease income – sales-type and direct financing leases:

Sales-type lease selling price

$

394

$

368

$

757

$

579

Less: Carrying value of underlying assets*

103

117

162

194

Gross profit

$

291

$

251

$

595

$

385

Interest income on lease receivables

47

65

98

139

Total sales-type and direct financing lease income

$

338

$

316

$

693

$

524

Lease income – operating leases

47

68

99

139

Variable lease income

22

27

79

58

Total lease income

$

408

$

411

$

871

$

721