LEASES (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule of Lease Income - Operating

The components of lease income were as follows:

	Three months ended March 31,
	2021		2020
	(In thousands)
Operating leases
Lease income related to ChoiceLease	$	389,611	$	399,588
Lease income related to commercial rental (1)	210,284		195,695
Sales-type leases
Interest income related to net investment in leases	$	14,415	$	11,644
Variable lease income excluding commercial rental (1)	$	71,993	$	65,507

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(1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% to 25% of total commercial rental income based on management's internal estimates.

Schedule of Lease Income - Sales Type

The components of net investment in sales-type leases, which are included in "Receivables, net" and "Sales-type leases and other assets" in the Condensed Consolidated Balance Sheets, were as follows:

	March 31, 2021		December 31, 2020
	(In thousands)
Net investment in the lease — lease payment receivable	$	594,469	$	589,120
Net investment in the lease — unguaranteed residual value in assets	45,429		44,704
	639,898		633,824
Estimated loss allowance	(4,025)		(4,025)
Total	$	635,873	$	629,799