Three Months Ended September 30,

Nine Months Ended September 30,

(Dollars in millions)

2022

2021

2022

2021

Lease income — sales-type and direct financing leases:

Sales-type lease selling price

$

99

$

119

$

888

$

870

Less: Carrying value of underlying assets*

(57)

(48)

(195)

(205)

Gross profit

$

43

$

70

$

693

$

664

Interest income on lease receivables

54

44

144

142

Total sales-type and direct financing lease income

$

97

$

114

$

838

$

806

Lease income — operating leases

29

38

86

136

Variable lease income

19

18

75

97

Total lease income

$

145

$

169

$

998

$

1,038