Three Months Ended September 30,

Nine Months Ended September 30,

(Dollars in millions)

2021

2020

2021

2020

Lease income — sales-type and direct financing leases:

Sales-type lease selling price

$

120

$

154

$

877

$

733

Less: Carrying value of underlying assets*

49

64

211

258

Gross profit

$

71

$

90

$

666

$

475

Interest income on lease receivables

44

56

142

195

Total sales-type and direct financing lease income

$

115

$

145

$

808

$

670

Lease income — operating leases

38

65

137

204

Variable lease income

18

25

97

82

Total lease income

$

171

$

235

$

1,042

$

956