Three Months Ended June 30,

Six Months Ended June 30,

(Dollars in millions)

2022

2021

2022

2021

Lease income — sales-type and direct financing leases:

Sales-type lease selling price

$

735

$

390

$

789

$

751

Less: Carrying value of underlying assets*

(120)

(100)

(139)

(157)

Gross profit

$

615

$

290

$

651

$

594

Interest income on lease receivables

45

47

90

98

Total sales-type and direct financing lease income

$

660

$

337

$

741

$

692

Lease income — operating leases

27

47

56

98

Variable lease income

28

22

56

79

Total lease income

$

715

$

406

$

853

$

869