The following table presents amounts included in the Consolidated Income Statement related to lessor activity. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (Dollars in millions) | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | Lease income — sales-type and direct financing leases: | | | | | | | | | | Sales-type lease selling price | | $ | 877 | | | $ | 367 | | | $ | 947 | | | $ | 480 | | Less: Carrying value of underlying assets (1) | | (152) | | | (66) | | | (182) | | | (94) | | | Gross profit | | $ | 725 | | | $ | 301 | | | $ | 765 | | | $ | 386 | | | Interest income on lease receivables | | 54 | | | 69 | | | 115 | | | 138 | | | Total sales-type and direct financing lease income | | $ | 779 | | | $ | 370 | | | $ | 881 | | | $ | 524 | | Lease income — operating leases | | 11 | | | 16 | | | 21 | | | 34 | | | Variable lease income | | 16 | | | 18 | | | 28 | | | 38 | | | Total lease income | | $ | 806 | | | $ | 404 | | | $ | 930 | | | $ | 596 | |
(1)Excludes unguaranteed residual value.
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