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LEASES
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES LEASES
The components of revenue from leases were as follows:
Three months ended March 31,
(In millions)20242023
Operating leases
Lease income related to ChoiceLease$381 $360 
Lease income related to commercial rental (1)
$219 $288 
Sales-type leases
Interest income related to net investment in leases$17 $15 
Variable lease income excluding commercial rental (1)
$72 $72 
————————————
(1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% of total commercial rental income.

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:
(In millions)March 31, 2024December 31, 2023
Net investment in the lease — lease payment receivable$750 $723 
Net investment in the lease — unguaranteed residual value in assets45 43 
795 766 
Estimated loss allowance(3)(4)
Total$792 $762 
LEASES LEASES
The components of revenue from leases were as follows:
Three months ended March 31,
(In millions)20242023
Operating leases
Lease income related to ChoiceLease$381 $360 
Lease income related to commercial rental (1)
$219 $288 
Sales-type leases
Interest income related to net investment in leases$17 $15 
Variable lease income excluding commercial rental (1)
$72 $72 
————————————
(1)Lease income related to commercial rental includes both fixed and variable lease income. Variable lease income is approximately 15% of total commercial rental income.

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:
(In millions)March 31, 2024December 31, 2023
Net investment in the lease — lease payment receivable$750 $723 
Net investment in the lease — unguaranteed residual value in assets45 43 
795 766 
Estimated loss allowance(3)(4)
Total$792 $762